Holding(s) in Company

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (“MAR”).  Upon publication of this announcement via a Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.

Karelian Diamond Resources plc

(“Karelian” or “the Company”)

27 March 2017

Holding in the Company

Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDRI), announces that it was informed on 25 March 2017 that Steven Coomber is now interested in 13,095,391 ordinary shares of €0.00001 in the capital of the Company, equal to approximately 3.18 per cent. of Company’s issued ordinary share capital.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc	Tel: [phone]
Virginia Bull / James Thomas / Nick Harriss, Allenby Capital Limited (Nomad)	Tel: [phone]
Ger Heffernan / Jan Fitzell, IBI Corporate Finance Limited (ESM Adviser)	Tel: [phone]
Jon Belliss / Elliot Hance, Beaufort Securities Limited (Broker)	Tel: [phone]
Michael Padley, Lothbury Financial Services Limited	Tel: [phone]
Don Hall, Hall Communications	Tel: [phone]

www.kareliandiamondresources.com