(DCP.L) Diamondcorp PLC Buy/Sell

RNS Number : 7172A Diamondcorp Plc 14 October 2009

DiamondCorp Plc

JSE share code: DMC & AIM share code: DCP

ISIN: GB00B183ZC46

(Incorporated in England and Wales)

(Registration number 05400982)

(SA company registration number 2007/031444/10) ("DiamondCorp" or "the Company")

CORPORATE AND FINANCIAL UPDATE

Further to the Company's interim financial statements released on 30 September 2009 the Company announces that it has been able to allocate existing cash resources to fund the interest payment due on 14 October 2009.

Further, the Company advises that it is no longer in discussions with respect to a possible offer for the entire issued share capital of the Company.

The Company is now progressing with plans for a fund raising to finance planned operational expenditure and to provide working capital. An update will be provided to shareholders in due course.

For further information, please contact:

Paul Loudon, DiamondCorp plc

+44 20 7256 2651

Ivonne Cantu/ Liz Bowman, Cenkos Securities plc

+44 20 7397 8900

Robert Smith/Tanis Crosby, Investec Bank Limited

+27 11 286 7662

14 October 2009 London

Sponsor:

Investec Bank Limited

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

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