Petra Diamonds Ltd - Directorate Change

Petra Diamonds Ltd - Directorate Change

PR Newswire

London, June 30

1 July 2020

LSE: PDL

Petra Diamonds Limited

("Petra", "the Company" or "the Group")

Directorate Change

Petra Diamonds Limited announces the following changes to its Board of Directors and to the memberships of the Company's Board Committees:

• Board of Directors: as previously announced, Dr Pat Bartlett, Independent Non-Executive Director, retired from the Company's Board of Directors, effective 30 June 2020. However, Dr Bartlett will continue to offer technical consultancy services to the Company for a period of one year following his retirement from the Board.

• Audit and Risk Committee: Dr Bartlett has retired from the committee and Ms Varda Shine, Independent Non-Executive Director, has been appointed as a new member.

• Remuneration Committee: Dr Bartlett has retired from the committee and Ms Octavia Matloa and Mr Bernie Pryor, both Independent Non-Executive Directors, have been appointed as new members.

• Nomination Committee: Dr Bartlett has retired from the committee and Mr Pryor, Ms Matloa and Ms Shine have been appointed as new members.

• HSE Committee: Although Dr Bartlett has retired as a member of the HSE Committee, he will be invited to attend all Committee meetings in FY 2021 (the year to 30 June 2021), for the duration of his consultancy period. Ms Shine has been appointed as a new member of the committee.

As previously announced, Mr Tony Lowrie, Senior Independent Director, will retire from the Board at the conclusion of the 2020 Annual General Meeting. An announcement regarding the appointment of a new Senior Independent Director will be made in due course.

For further information, please contact:

Petra Diamonds, London Telephone: [phone]

Cathy Malins [e-mail]

Marianna Bowes
Des Kilalea

Rothschild & Co

Giles Douglas [e-mail]

Glen Cronin [e-mail]

Mahir Quraishi [e-mail]

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit producing mine in Tanzania (Williamson). Petra also conducts a limited exploration programme in Botswana and South Africa.

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. 250 million carats, which supports the potential for long-life operations.

Petra conducts all operations according to the highest ethical standards and will only operate 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' and is a constituent of the FTSE4Good Index. The Company's US$650 million loan notes due in 2022 are listed on the Global Exchange market of the Irish Stock Exchange. For more information, visit www.petradiamonds.com.