Result of Meeting

17 February 2021

Karelian Diamond Resources plc

(“Karelian Diamonds” or the “Company”)

Result of extraordinary general meeting

Karelian Diamond Resources plc (AIM: KDR), the diamond exploration and development company focused on Finland, is pleased to announce that the resolutions put to shareholders of the Company at the Extraordinary General Meeting held earlier today were duly passed.

As stated in the Company’s announcement of 25 January 2021, it is expected that the migration of the settlement system relating to trading in the Company’s shares from CREST in London to Euroclear Bank in Belgium will occur on 15 March 2021. The Company’s shares will continue to be traded on the AIM market in London.

Voting on all resolutions at the EGM was conducted by a poll and the results are set out below.

No.	Resolution	Votes for	Votes against	Votes withheld	Total votes cast	% of issued share capital voted
1	Shareholders’ consent to the migration	24,585,241 (99.99%)	1,248 (0.01%)	156	24,586,489	45.9%
2	Approval and adoption of new articles of association	24,585,341 (99.99%)	1,248 (0.01%)	56	24,586,589	45.9%
3	To give effect to aspects of the migration	24,585,341 (99.99%)	1,248 (0.01%)	56	24,586,589	45.9%

Notes 

1. Any proxy appointments which gave discretion to the Chairman have been included in the “votes” for total
2. A “vote” withheld is not a valid vote in Irish law and was not counted in the calculation of the proportion of the votes “For” or “Against”

For further information please contact :

Karelian Diamond Resources plc	Tel: [phone]
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad)	Tel: [phone]
Nick Athanas/Nick Harriss
Brandon Hill Capital Limited (Broker)	Tel: [phone]
Jonathan Evans
Lothbury Financial Services	Tel: [phone]
Michael Padley
Hall Communications	Tel : [phone]
Don Hall

Visit the website at: www.kareliandiamondresources.com