Holding(s) in Company

Karelian Diamond Resources plc

("Karelian Diamonds" or the "Company")

9 October 2023

Holdings in Company

Karelian Diamonds (AIM: KDR) announces that it was informed on 9 October 2023 that, following a purchase of ordinary shares of €0.00025 each in the Company ("Ordinary Shares") on 9 October 2023, David John Naylor now has an interest in 2,847,309 Ordinary Shares equivalent to 3.01 per cent. of the current issued share capital and voting rights of the Company.

Further Information:

Karelian Diamond Resources plc Professor Richard Conroy, Chairman	[phone]
Allenby Capital Limited (Nomad) Nick Athanas / Nick Harriss	[phone]
First Equity Limited (Broker) Jason Robertson	[phone]
Lothbury Financial Services Michael Padley	[phone]
Hall Communications Don Hall	[phone]

Visit the Company website at: http://www.kareliandiamondresources.com

---

3850514_0.jpeg

---