PDL.L

Petra Diamonds Ltd.
Petra Diamonds Ltd - Director Share Vesting
27th September 2024, 06:01
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27 September 2024

LSE:PDL

Petra Diamonds Limited

(Petra or the Company)

Director Share Vesting

Petra announces the approval of the vesting of certain shares in respect of
share awards originally granted on 12 January 2022 to Petra's Executive
Directors under the 2021 PSP in respect of the period 1 July 2021 to 30 June
2024.

For Mr Duffy, the vested awards are subject to a 2-year post-vesting holding
period and for Mr Breytenbach, the vested awards are subject to a 2-year post
-termination holding period following his resignation effective 30 September
2024. Upon release at the end of the holding period, the vested awards may be
settled using newly issued shares, shares held in treasury, shares purchased in
the market or in cash, at the Company's discretion. The number of vested shares
in each case is set out below. Details of the vesting level is further disclosed
in the Directors' Remuneration Report within the Company's 2024 Annual Report.

+-----------+---------+---------------+---------------------------------+
|Director   |Position |2022 PSP       |2022 PSP                         |
|           |         |               |                                 |
|           |         |Number of      |Number of ordinary shares lapsed1|
|           |         |ordinary shares|                                 |
|           |         |vested1        |                                 |
+-----------+---------+---------------+---------------------------------+
|Richard    |Chief    |167,976        |585,279                          |
|Duffy      |Executive|               |                                 |
|           |Officer  |               |                                 |
+-----------+---------+---------------+---------------------------------+
|Jacques    |Chief    |111,984        |390,186                          |
|Breytenbach|Finance  |               |                                 |
|           |Officer  |               |                                 |
+-----------+---------+---------------+---------------------------------+

Note:

 1. All awards under the 2021 PSP were granted as conditional awards over
ordinary shares in Petra of 0.05p each; no consideration was payable for the
grant of the awards.

Further details regarding the share awards are set out within the Directors'
Remuneration Report within the Company's 2024 Annual Report. This announcement
is made in accordance with Article 19 of the EU Market Abuse Regulation.

~ Ends ~

FURTHER INFORMATION

Petra Diamonds, London+44 (0)784 192 0021

Patrick Pittawayinvestorrelations@petradiamonds.com

Kelsey Traynor

ABOUT PETRA DIAMONDS

Petra Diamonds is a leading independent diamond mining group and a supplier of
gem quality rough diamonds to the international market. The Company's portfolio
incorporates interests in three underground mines in South Africa (Cullinan
Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson).
The Koffiefontein mine is currently on care and maintenance in preparation for a
possible sale following the execution of a definitive sales agreement as
announced on 8 April 2024.

Petra's strategy is to focus on value rather than volume production by
optimising recoveries from its high-quality asset base in order to maximise
their efficiency and profitability. The Group has a significant resource base
which supports the potential for long-life operations.

Petra strives to conduct all operations according to the highest ethical
standards and only operates in countries which are members of the Kimberley
Process. The Company aims to generate tangible value for each of its
stakeholders, thereby contributing to the socio-economic development of its host
countries and supporting long-term sustainable operations to the benefit of its
employees, partners and communities.

Petra is quoted with a premium listing on the Main Market of the London Stock
Exchange under the ticker 'PDL'. The Company's loan notes due in 2026 are listed
on the Irish Stock Exchange and admitted to trading on the Global Exchange
Market. For more information, visit www.petradiamonds.com.


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