DiamondCorp Plc

DiamondCorp Plc

The Company is the ultimate parent of the group and wholly owns DiamondCorp Holdings Limited (“DHL”), a BVI Incorporated Company. DHL, in turn, owns 74% of the issued share capital of Lace Diamond Mines (Pty) Limited (“LDMPL”) and all of the issued capital of Soapstone Investments (Pty) Limited, both of which are incorporated in South Africa. DHL also owns DCP Diamonds BVBA, incorporated in Belgium. The Black Economic Empowerment (“BEE”) partners each hold 13% of the issued share capital of LDM. The Empowerment Agreement and Shareholders’ Agreement govern the relationship between DHL and the BEE Partners in relation to LDM.