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European Diamonds (KDD)

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Wednesday 25 September, 2002

European Diamonds

Holding(s) in Company

European Diamonds PLC
25 September 2002

                     European Diamonds PLC (the 'Company')

                       Notification of Interest in Shares

The Company has been informed that on 23 September 2002 William M Parente
acquired an interest in 900,000 ordinary shares of 5p each in the capital of the
Company ('Ordinary Shares') representing 5.23 per cent. of the total issued
share capital on that date. This interest has arisen as the result of a transfer
of 900,000 Ordinary Shares to Mr. Parente from Barator Holdings Limited, a
company wholly owned by Mr. Parente.

25 September 2002

                      This information is provided by RNS
            The company news service from the London Stock Exchange