TIDMAFD 
 
RNS Number : 7960V 
African Diamonds PLC 
08 November 2010 
 
 
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| TR-1: NOTIFICATION OF MAJOR INTEREST                                              | 
| IN SHARESi                                                                        | 
|                                                                                   | 
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| 1. Identity of the issuer or the underlying |                African Diamonds plc | 
| issuer                                      |                                     | 
| of existing shares to which voting rights   |                                     | 
| are                                         |                                     | 
| attached: ii                                |                                     | 
+---------------------------------------------+-------------------------------------+ 
| 2 Reason for the notification (please tick the appropriate box or boxes):         | 
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| An acquisition or disposal of voting rights                              |   x    | 
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| An acquisition or disposal of qualifying financial instruments which may |        | 
| result in the acquisition of shares already issued to which voting       |        | 
| rights are attached                                                      |        | 
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| An acquisition or disposal of instruments with similar economic effect   |        | 
| to qualifying financial instruments                                      |        | 
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| An event changing the breakdown of voting rights                         |        | 
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| Other (please  |                                                         |        | 
| specify):      |                                                         |        | 
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| 3. Full name of person(s) subject   |                    De Beers Société Anonyme | 
| to the                              |                                             | 
| notification obligation: iii        |                                             | 
+-------------------------------------+---------------------------------------------+ 
| 4. Full name of shareholder(s)      |                                             | 
|  (if different from 3.):iv          |                                             | 
+-------------------------------------+---------------------------------------------+ 
| 5. Date of the transaction and date |                             5 November 2010 | 
| on                                  |                                             | 
| which the threshold is crossed or   |                                             | 
| reached: v                          |                                             | 
+-------------------------------------+---------------------------------------------+ 
| 6. Date on which issuer notified:   |                             8 November 2010 | 
+-------------------------------------+---------------------------------------------+ 
| 7. Threshold(s) that is/are crossed |                 Holding is now less than 3% | 
| or                                  |                                             | 
| reached: vi, vii                    |                                             | 
+-------------------------------------+---------------------------------------------+ 
|                |                    |  |    |                            |        | 
+----------------+--------------------+--+----+----------------------------+--------+ 
 
+-------------+-----------------+----+------+------------+---+--+----------------------+-+------+----+----------+------+---------------------+----+--+--------------+ 
| 8. Notified details:                                                                                                                                              | 
+-------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares viii, ix                                                                                                                      | 
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| Class/type  | Situation previous                              | Resulting situation after the triggering transaction                                              | 
| of          | to the triggering                               |                                                                                                   | 
| shares      | transaction                                     |                                                                                                   | 
| if possible |                                                 |                                                                                                   | 
| using       |                                                 |                                                                                                   | 
| the ISIN    |                                                 |                                                                                                   | 
| CODE        |                                                 |                                                                                                   | 
+             +-------------------------------------------------+---------------------------------------------------------------------------------------------------+ 
|             | Number                      | Number            | Number                 | Number               | % of  voting rights x                             | 
|             | of                          | of                | of                     | of                   |                                                   | 
|             | Shares                      | Voting            | shares                 | voting               |                                                   | 
|             |                             | Rights            |                        | rights               |                                                   | 
+             +                             +                   +------------------------+----------------------+---------------------------------------------------+ 
|             |                             |                   | Direct                 | Direct xi | Indirect | Direct                          | Indirect        | 
|             |                             |                   |                        |           | xii      |                                 |                 | 
+-------------+-----------------------------+-------------------+------------------------+-----------+----------+---------------------------------+-----------------+ 
| Holding is  |                             |                   |                        |           |          |                                 |                 | 
| less than   |                             |                   |                        |           |          |                                 |                 | 
| 3%          |                             |                   |                        |           |          |                                 |                 | 
+-------------+                             +                   +                        +           +          +                                 +                 + 
|             |                             |                   |                        |           |          |                                 |                 | 
+-------------+-----------------------------+-------------------+------------------------+-----------+----------+---------------------------------+-----------------+ 
|                                                                                                                                                                   | 
+-------------------------------------------------------------------------------------------------------------------------------------------------------------------+ 
| B: Qualifying Financial Instruments                                                                                                                               | 
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| Resulting situation after the triggering transaction                                                                                                              | 
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| Type of financial                  | Expiration        | Exercise/                            | Number of voting                           | % of voting          | 
| instrument                         | date xiii         | Conversion Period                    | rights that may be                         | rights               | 
|                                    |                   | xiv                                  | acquired if the                            |                      | 
|                                    |                   |                                      | instrument is                              |                      | 
|                                    |                   |                                      | exercised/                                 |                      | 
|                                    |                   |                                      | converted.                                 |                      | 
+------------------------------------+-------------------+--------------------------------------+--------------------------------------------+----------------------+ 
|                                    |                   |                                      |                                            |                      | 
+------------------------------------+-------------------+--------------------------------------+--------------------------------------------+----------------------+ 
|                                                                                                                                                                   | 
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| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi                                                                 | 
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| Resulting situation after the triggering transaction                                                                                                              | 
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| Type of financial             | Exercise  | Expiration     | Exercise/                 | Number of voting            | % of voting rights xix,                    | 
| instrument                    | price     | date xvii      | Conversion                | rights instrument           | xx                                         | 
|                               |           |                | period                    | refers to                   |                                            | 
|                               |           |                | xviii                     |                             |                                            | 
+-------------------------------+-----------+----------------+---------------------------+-----------------------------+--------------------------------------------+ 
|                               |           |                |                           |                             | Nominal                     | Delta        | 
|                               |           |                |                           |                             |                             |              | 
+                               +           +                +                           +                             +-----------------------------+--------------+ 
|                               |           |                |                           |                             |                             |              | 
+-------------------------------+-----------+----------------+---------------------------+-----------------------------+-----------------------------+--------------+ 
|                                                                                                                                                                   | 
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| Total (A+B+C)                                                                                                                                                     | 
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| Number of voting rights                                                              | Percentage of voting rights                                                | 
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| Holding is less than 3%                                                              | Holding is less than 3%                                                    | 
+--------------------------------------------------------------------------------------+----------------------------------------------------------------------------+ 
|             |                 |    |      |            |   |  |                      | |      |    |          |      |                     |    |  |              | 
+-------------+-----------------+----+------+------------+---+--+----------------------+-+------+----+----------+------+---------------------+----+--+--------------+ 
 
+--------------------------------------+-----------+------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and/or the  | 
| financial instruments are effectively held, if applicable: xxi                  | 
+---------------------------------------------------------------------------------+ 
|                                                                             N/A | 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| Proxy Voting:                                                                   | 
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| 10. Name of the proxy holder:                    |                              | 
+--------------------------------------------------+------------------------------+ 
| 11. Number of voting rights proxy holder will    |                              | 
| cease                                            |                              | 
| to hold:                                         |                              | 
+--------------------------------------------------+------------------------------+ 
| 12. Date on which proxy holder will cease to     |                              | 
| hold                                             |                              | 
| voting rights:                                   |                              | 
+--------------------------------------------------+------------------------------+ 
|                                                                                 | 
+---------------------------------------------------------------------------------+ 
| 13. Additional information:          |                                          | 
+--------------------------------------+------------------------------------------+ 
| 14. Contact name:                    |                           Eric Caverhill | 
+--------------------------------------+------------------------------------------+ 
| 15. Contact telephone number:        |                         +352 264 871 354 | 
+--------------------------------------+------------------------------------------+ 
|                                      |           |                              | 
+--------------------------------------+-----------+------------------------------+ 
 
+-------------------------------------+--------------------------------------+ 
| Note: Annex should only be submitted to the FSA not the issuer             | 
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| Annex: Notification of major interests in share                            | 
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|                                                                            | 
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| A: Identity of the persons or legal entity subject to the notification     | 
| obligation                                                                 | 
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| Full name                           |                                      | 
| (including legal form of legal      |                                      | 
| entities)                           |                                      | 
|                                     |                                      | 
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| Contact address                     |                                      | 
| (registered office for legal        |                                      | 
| entities)                           |                                      | 
|                                     |                                      | 
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| Phone number & email                |                                      | 
|                                     |                                      | 
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| Other useful information            |                                      | 
| (at least legal representative for  |                                      | 
| legal persons)                      |                                      | 
|                                     |                                      | 
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|                                     |                                      | 
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| B: Identity of the notifier, if applicable                                 | 
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| Full name                           |                                      | 
|                                     |                                      | 
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| Contact address                     |                                      | 
|                                     |                                      | 
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| Phone number & email                |                                      | 
|                                     |                                      | 
+-------------------------------------+--------------------------------------+ 
| Other useful information            |                                      | 
| (e.g. functional relationship with  |                                      | 
| the person or legal entity subject  |                                      | 
| to the notification obligation)     |                                      | 
+-------------------------------------+--------------------------------------+ 
|                                                                            | 
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| C: Additional information                                                  | 
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|                                                                            | 
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| For notes on how to complete form TR-1 please see the FSA website.         | 
+-------------------------------------+--------------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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