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Petra Diamonds placing raises US$120 million

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Canaccord Adams Limited

On December 3, 2009, Petra Diamonds Limited (the "Company"), a UK-based international diamond mining group, announced that it had completed a placing (the "Placing") with institutional and other investors in the UK, US and Canada, raising gross proceeds of US$120 million (approximately £72.7 million). The Placing was led by Canaccord Adams Limited, acting as the Company's Nominated Adviser and Broker, and included Royal Bank of Canada Europe Limited. The Placing was carried out on a "split" basis. The first tranche of the placing shares was admitted to trading on the AIM market of the London Stock Exchange plc ("AIM") on December 4, 2009. Admission of the second tranche of the placing shares was conditional on, among other things, shareholder approval, which was sought and received at the Company's AGM held on December 17, 2009. Admission of the second tranche of the placing shares took place on December 18, 2009. Fasken Martineau's London office advised Canaccord (as nomad and broker to the Placing) and Royal Bank of Canada Europe Limited, with a team led by Chris Chrysanthou, with assistance from Thomas Wexler and Mark Camilleri as well as Martin Fisher-Haydis of the Toronto office, and Dimitri Cavvadas, David Kriel and Sarah Lafleur of the Johannesburg office.



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