TIDMPDL 
 
FOR IMMEDIATE RELEASE 
 
24 February 2021                                                         LSE: PDL 
 
                            Petra Diamonds Limited 
 
("Petra", "PDL" or the "Company" or, in conjunction with its subsidiaries, the 
                                   "Group") 
 
           Scheme of Arrangement of Petra Diamonds US$ Treasury Plc 
 
                  Notice of Scheme Conditions Effective Date 
 
Further to the Company's previous announcements in relation to the 
Restructuring, the Company is pleased to announce that the Scheme Conditions 
Effective Date has occurred. 
 
Accordingly, implementation of the Restructuring has commenced and it is 
expected that the Restructuring Effective Date will occur on 
Wednesday 10 March 2021. 
 
Capitalised terms used but not defined in this announcement have the meaning 
given to them in the explanatory statement dispatched to Scheme Creditors on 
10 December 2020. 
 
                                    Ends 
 
For further information, please contact: 
 
Petra Diamonds, London                                         Telephone: +44 
20 7494 8203 
 
Des Kilalea 
investorrelations@petradiamonds.com 
 
Marianna Bowes 
 
Rothschild & Co 
 
Giles Douglas 
giles.douglas@rothschildandco.com 
 
Glen Cronin 
glen.cronin@rothschildandco.com 
 
Mahir Quraishi 
mahir.quraishi@rothschildandco.com 
 
Lucid Issuer Services Limited                                 Telephone: +44 20 
7704 0880 
 
Oliver Slyfield 
petradiamonds@lucid-is.com 
 
David Shilson 
 
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 mine in Tanzania (Williamson). 
 
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. 243 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, currently subject to 
restructuring, are listed on the Global Exchange market of the Irish Stock 
Exchange. For more information, visit www.petradiamonds.com . 
 
Important Notice 
 
This announcement contains statements about Petra that are or may be forward 
looking statements. All statements other than statements of historical facts 
included in this announcement may be forward looking statements. Without 
limitation, any statements preceded or followed by or that include the words 
"targets", "goals", "should", "would", "could", "continue", "plans", 
"believes", "expects", "aims", "intends", "will", "may", "anticipates", 
"estimates", "hopes", "projects" or words or terms of similar substance or the 
negative thereof, are forward looking statements. 
 
Such forward looking statements involve risks and uncertainties that could 
significantly affect expected results and are based on certain key assumptions. 
Many factors could cause actual results to differ materially from those 
projected or implied in any forward looking statements. Due to such 
uncertainties and risks, readers are cautioned not to place undue reliance on 
such forward looking statements, which speak only as of the date hereof. Petra 
disclaims any obligation to update any forward looking or other statements 
contained herein, except as required by applicable law or regulation. 
 
N.M. Rothschild & Sons Limited ("Rothschild & Co"), which is authorised and 
regulated in the United Kingdom by the Financial Conduct Authority, is acting 
exclusively for Petra and no one else in connection with the contents of this 
announcement and will not be responsible to anyone other than Petra for 
providing the protections offered to clients of Rothschild & Co nor for 
providing advice in relation to the subject matter of this announcement or any 
other matters referred to in this announcement. 
 
 
 
END

(END) Dow Jones Newswires

February 24, 2021 05:54 ET (10:54 GMT)

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