Re-denomination of Shares

Conroy Diamonds & Gold PLC
13 December 2001


                  Conroy Diamonds & Gold plc ('the Company')


          Application for Listing of Re-denominated Ordinary Shares


Application has today been made for admission of 17,561,070 ordinary shares of
EUR0.03 each in the Company to trading on the Alternative Investment Market to
replace the existing ordinary shares of IR£0.025p each.


Application has been made pursuant to the re-denomination of the existing
ordinary shares of IR£0.025p into new ordinary shares of EUR0.03 each, which
was approved by shareholders at yesterday's AGM.


The shares will rank pari passu with the previous ordinary shares of IR£
0.025p. Dealings are expected to commence in the new ordinary shares of
EUR0.03 each on 19 December 2001.