TIDMPDL 
 
31 March 2020                                                            LSE: PDL 
 
                            Petra Diamonds Limited 
 
            ("Petra", "the Company" or "the Group??) 
 
                              Directorate Change 
 
Petra Diamonds Limited announces that Mr Peter Hill has today assumed the role 
of Non-Executive Chairman, in succession to founder Adonis Pouroulis, who has 
stepped down from the Board. 
 
As previously announced in the Company's Interim Results on 17 February 2020, 
the additional Board changes will also take place this calendar year: 
 
  * Ms Varda Shine, Independent Non-Executive Director, has today assumed the 
    role of Chair of the Remuneration Committee, in succession to Gordon 
    Hamilton. 
 
  * Dr Pat Bartlett, Independent Non-Executive Director, will retire from the 
    Board after nearly nine years' service on 30 June 2020. 
 
  * Mr Tony Lowrie, Senior Independent Director, will retire from the Board 
    following the Annual General Meeting ("AGM") in November 2020, after more 
    than eight years' service, and thus will not be offering himself for 
    re-election at the AGM. 
 
An announcement regarding the appointment of a new Senior Independent Director 
will be made in due course. 
 
For further information, please contact: 
 
Petra Diamonds, London                   Telephone: +44 20 7494 8203 
 
Cathy Malins                             investorrelations@petradiamonds.com 
 
Marianna Bowes 
 
Des Kilalea 
 
About Petra Diamonds Limited 
 
Petra Diamonds is a leading independent diamond mining group and a consistent 
supplier of gem quality rough diamonds to the international market. The Company 
has a diversified portfolio incorporating interests in three underground 
producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one 
open pit producing mine in Tanzania (Williamson). Petra also conducts a limited 
exploration programme in Botswana and South Africa. 
 
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 
of ca. 250 million carats, which supports the potential for long-life 
operations. 
 
Petra conducts all operations according to the highest ethical standards and 
will only operate 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' and is a constituent of the FTSE4Good Index. 
The Company's US$650 million loan notes due in 2022 are listed on the Global 
Exchange market of the Irish Stock Exchange. For more information, visit 
www.petradiamonds.com. 
 
 
 
END

(END) Dow Jones Newswires

March 31, 2020 02:00 ET (06:00 GMT)

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