TIDMPRG 
 
TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 
 
1. Identity of the issuer or the underlying          PARAGON DIAMONDS PLC 
issuer of existing shares to which voting 
rights are attached: 
 
2. Reason for the notification (please tick the appropriate box or boxes): 
 
An acquisition or disposal of voting rights                             X 
 
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 
 
An event changing the breakdown of voting rights 
 
Other (please specify): placing 
 
3. Full name of person(s) subject to  LANSTEAD CAPITAL LP 
the notification obligation: 
 
4. Full name of shareholder(s) 
(if different from 3.): 
 
5. Date of the transaction and date   10 DECEMBER 2014 
on which the threshold is crossed or 
reached: 
 
6. Date on which issuer notified:     10 DECEMBER 2014 
 
7. Threshold(s) that is/are crossed   18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 
or reached:                           7, 6, 5, 4, 3, 2, 1 
 
 
 
8. Notified details: 
 
A: Voting rights attached to shares 
 
Class/type    Situation previous    Resulting situation after the triggering 
              to the triggering     transaction 
of shares 
              transaction 
if possible 
using the     Number of  Number     Number   Number of voting  % of voting rights 
ISIN CODE     Shares                of       rights 
                         of Voting  shares 
                         Rights 
                                    Direct   Direct   Indirect Direct    Indirect 
 
GG00B6684H44  63,871,358 63,871,358 871,358  871,358            0.257% 
 
B: Qualifying Financial Instruments 
 
Resulting situation after the triggering transaction 
 
Type of         Expiration Exercise/    Number of voting rights     % of voting 
financial       date       Conversion   that may be acquired if the rights 
                           Period       instrument is exercised/ 
instrument                              converted 
 
      N/A 
 
C: Financial Instruments with similar economic effect to Qualifying Financial 
Instruments 
 
Resulting situation after the triggering transaction 
 
Type of        Exercise Expiration  Exercise/  Number of voting   % of voting 
financial      price    date        Conversion rights instrument  rights 
                                    period     refers to 
instrument 
 
     N/A                                                          Nominal Delta 
 
 
Total (A+B+C) 
 
Number of voting rights                 % of voting rights 
 
871,358                                 0.257% 
 
9. Chain of controlled undertakings through which the voting rights and/or the 
financial instruments are effectively held, if applicable: 
 
N/A 
 
Proxy Voting: 
 
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:                        Ed Lukins, Morrison & Foerester (UK) LLP 
 
 
15. Contact telephone number:            020 7920 4064 
 
 
 
 
 
END 
 

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