Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

3 October 2019

Holding in Company

Karelian Diamond Resources plc (AIM: KDR) announces that it was today informed that Steve Coomber is now beneficially interested in 1,554,407 ordinary shares of €0.00025 in the Company (“Ordinary Shares”), equal to approximately 4.03 per cent of the issued share capital and voting rights of the Company.

For further information please contact:

Karelian Diamond Resources plcTel: +353-1-479-6180
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad)Tel: +44-20-3328-5656
Nick Athanas/Nick Harriss
Brandon Hill Capital Limited (Broker)Tel: +44-20-3463-5000
Jonathan Evans
Lothbury Financial ServicesTel: +44-20-3290-0707
Michael Padley
Hall CommunicationsTel: +353-1-660-9377
Don Hall

Visit the website at:www.kareliandiamondresources.com