September 17, 2013

Grant of Share Options

17 September 2013


Stellar Diamonds plc

(“Stellar” or the “Company”)

Grant of Share Options

Stellar, the London listed (AIM: STEL) diamond mining and exploration company focused on West Africa, announces the grant of share options to directors and employees of the Company or its subsidiaries. Options over a total of 20,000,000 new shares, representing 4.1 per cent of the Company’s issued share capital, have been granted at an exercise price of 1.25 pence per ordinary share, exercisable for a period of 5 years from the date of grant, subject to the terms of the either the unapproved or the EMI Company share option scheme. The exercise price represents a premium of 14% to the closing share price on 16 September 2013.

The allocation of the share options is detailed in the following table:

Directors Position Share Options granted Exercise price(£) Total number of Share Options held
Lord Daresbury Non-Executive Chairman 2,100,000 0.0125 4,802,000
Karl Smithson Chief Executive Officer 4,500,000 0.0125 10,506,500
Steven Poulton Non-Executive Director 1,700,000 0.0125 3,952,000
James Campbell Non-Executive Director 1,300,000 0.0125 2,650,000
Luis da Silva Non-Executive Director 1,100,000 0.0125 3,053,000
Dr. Markus Elsässer Non-Executive Director 2,100,000 0.0125 3,100,000
12,800,000 28,063,500
Other Employees 7,200,000 0.0125 14,862,650
Total 42,926,150

Following these option grants the total number of shares under option is 42,926,150 representing 8.71% of the company’s share capital of 492,571,076 ordinary shares.

For further information contact the following or visit the Company’s website at

Stellar Diamonds plc

Karl Smithson,Chief ExecutiveTel: +44 (0) 20 7010 7686

Charles Stanley Securities

(Nominated Advisor and Joint Broker)

Mark Taylor, Marc Milmo, Carl Holmes Tel: +44 (0) 20 7149 6000

Daniel Stewart & Company plc

(Joint Broker)

Martin Lampshire, Antony Legge Tel: +44 (0) 20 7776 6550