Results of Special General Meeting

09 February 2022

LSE: PDL

Petra Diamonds Limited

("Petra" or the "Company")

Results of Special General Meeting

Petra Diamonds Limited is pleased to announce that at its Special General Meeting (“SGM”) held earlier today the shareholders passed the resolution by the requisite majority. 

As previously announced, the Framework Agreement entered into between Petra, Williamson Diamonds Limited and the Government of Tanzania constitutes a related party transaction for purposes of the UK Listing Rules and in order for it to become unconditionally effective and legally binding on Petra (the Transaction”), Petra was required, amongst other things, to obtain the approval of its shareholders at the SGM.

The resolution put to the SGM was voted on by way of a poll and the results are set out below:

	Votes For (incl. discretionary votes)	% of Votes Cast	Votes Against	% of Votes Cast	Total Votes Cast	Total Votes Withheld
THAT the Transaction be approved	83,112,385	99.99%	5,171	0.01%	83,117,556	1,423

The Framework Agreement becoming effective remains subject to a number of other conditions, including customary government approvals and the approval of the Petra South African lender group.  Subject to the satisfaction of these conditions, the Framework Agreement is expected to become effective in the second half of FY 2022.

Notes:

1. Votes "For" and "Against" are expressed as a percentage of votes received.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the votes "For" or "Against" a resolution.
3. The total number of ordinary shares in issue as at 5pm on 7 February 2022 was 194,201,785.
4. In accordance with LR 9.6.2R, the full text of the resolution passed at the SGM has been submitted to the FCA’s National Storage Mechanism, and will shortly be available to view at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The full text of the resolution passed at the SGM can also be found in the Notice, which is available for inspection at the National Storage Mechanism and also on Petra’s website at https://www.petradiamonds.com/investors/shareholders/meetings/ 

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For further information, please contact:

Petra Diamonds, London  Telephone: [phone]

Cathy Malins    [e-mail]

Jill Sherratt

Julia Stone

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit mine in Tanzania (Williamson).

Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base of ca. 230 million carats, which supports the potential for long-life operations.

Petra strives to conduct all operations according to the highest ethical standards and only operates in countries which are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners and communities.

Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL'. The Company’s US$336.7 million notes due in 2026 are listed on the Irish Stock Exchange and admitted to trading on the Global Exchange Market. For more information, visit www.petradiamonds.com