Description of Business

Karelian Diamond Resources PLC is a London Stock Exchange Alternative Investment Market and Irish Stock Exchange ESM - listed natural resource company registered in Ireland. The Company’s primary objective is the discovery, delineation, acquisition and development of economic diamond deposits in the Finnish sector of the Karelian Craton.

The Company is presently exploring for diamonds and evaluating existing diamond prospects in the Karelian Craton of Finland.

Market: London Stock Exchange
Alternative Investment Market (AIM)
Symbol: KDR

Company Secretary and Registered Office:
   Maureen Jones
   3300 Lake Drive
   Citywest Business Campus
   Dublin 24
   Ireland

Registered Office:
   3300 Lake Drive
   Citywest Business Campus
   Dublin 24
   Ireland
   Telephone: +353 1 661 8958
   Fax: +353 1 662 1213

Nominated Adviser:
   Allenby Capital Limited
   5 St, Helen's Place,
   London, EC3A 6AB
   Telephone: +44 (0)20 3328 5656

Auditors:
   Deloitte & Touche
   Chartered Accountants
   Deloitte & Touche House
   Charlotte Quay,
   Limerick,    Republic of Ireland

Registrars:
   Avenir Registrars
   No. 1 Main Street
   Blessington
   Co. Wicklow, W91 V82T
   Telephone: +353 (0) 1 253 0873
   Email: registers@avenir-registrars.ie
   www.avenir-registrars.ie

Broker:
  First Equity Ltd
  Salisbury House, Finsbury
   London, EC2M 5QQ
  Telephone: +44 (0)20 7373 2212   

Country of incorporation:
Karelian Diamond Resources P.l.c. (KDR) is an Irish-registered and incorporated company (registered in Dublin, Republic of Ireland; No 382499). As such, the rights of shareholders may be different from those of shareholders in a United Kingdom incorporated company.

Main Country of Operation:

At present the Company has interests in, and operates within, the Republic of Finland.