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Kopane Diamond (KDD)

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Wednesday 06 January, 2010

Kopane Diamond

Notification of Major Share Interest



                                  KOPANE DIAMOND DEVELOPMENTS Plc
                                    ("Kopane" or the "Company")

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of        
existing shares to which voting rights are attached:         Kopane Diamond Developments Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial
instruments
                                                                                                      YES
An event changing the breakdown of voting rights

Other (please specify):     Inclusion of CFD following rule change 

3. Full name of person(s) subject to the notification                                                       
obligation:                                                                             OBTALA RESOURCES PLC

4. Full name of shareholder(s) (if different from 3.):                                                      

5. Date of the transaction and date on which the threshold                                                  
is crossed or reached:                                                                        5 JANUARY 2010

6. Date on which issuer notified:                                                                           
                                                                                              6 JANUARY 2010
7. Threshold(s) that is/are crossed or reached:                                                             
                                                                                                         20%
8. Notified details:

A: Voting rights attached to shares

Class/type of       Situation previous         Resulting situation after the triggering transaction
shares              to the triggering
                    transaction
if possible using
the ISIN CODE
                    Number       Number        Number       Number of voting        % of  voting rights
                    of           of            of shares    rights
                    Shares       Voting
                                 Rights
                                               Direct        Direct       Indirect  Direct       Indirect

 GB0002998978       24,335,000   24,335,000    17,395,000    17,395,000             6.92%         

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial         Expiration        Exercise/           Number of voting          % of voting
instrument                date              Conversion          rights that may be        rights
                                            Period              acquired if the
                                                                instrument is
                                                                exercised/ converted.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction

Type of financial    Exercise    Expiration     Exercise/        Number of voting       % of voting rights
instrument           price       date           Conversion       rights instrument      
                                                period           refers to
CFD                                                              32,200,000              Nominal      Delta

Total (A+B+C)

Number of voting rights                                      Percentage of voting rights
 49,595,000                                                  19.74%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of the proxy holder:                                                                            N/A

11. Number of voting rights proxy holder will cease to                                                   N/A
hold:

12. Date on which proxy holder will cease to hold voting                                                 N/A
rights:

13. Additional information:                                                                              N/A

14. Contact name:                                                                              Frank Scolaro

15. Contact telephone number:                                                                  020 7099 1940

For further information contact:                         
Kopane Diamond Developments Plc                          Threadneedle Communications
Frank Scolaro, Chairman                                  Laurence Read/Beth Harris
James Cable, Finance Director                            +44 (0) 207 653 9850
+44 (0) 20 7963 9590

FinnCap
Matthew Robinson/Ed Frisby
+44 (0) 20 7600 1658

e-mail: [email protected]
website: www.kopanediamonds.com

Kopane Diamond Developments PLC

a d v e r t i s e m e n t