March 2, 2018

Statement re broker

2nd March 2018

Stellar Diamonds plc (“Stellar” or the “Company”)

Statement re broker

The Company notes the announcement today regarding Beaufort Securities Limited (“BSL”) and Beaufort Asset Clearing Services Limited (“BACSL”) being placed into insolvency and that the Financial Conduct Authority (the “FCA”) has imposed requirements on BSL and BACSL to cease all regulatory activity.

BSL was the joint broker to the Company pursuant to the AIM Rules for Companies (the “AIM Rules”). As a result of the requirements imposed by the FCA, BSL will no longer be able to provide broking services to the Company in accordance with the AIM Rules.

Consequently BSL is no longer joint broker to the Company.

The broker to the Company is Peterhouse Corporate Finance Limited.

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

Karl Smithson, CEO Stellar Diamonds plc Tel: +44 (0) 20 7010 7686
Sandy Jamieson

Emma Earl

Cairn Financial Advisers (Nominated Adviser) Tel: +44 (0) 20 7213 0880
Martin Lampshire Peterhouse Corporate Finance (Broker) Tel: +44 (0) 20 7469 0930
Tim Blythe

Nick Elwes


(Financial PR)

Tel: +44 (0) 20 7138 3204

About Stellar Diamonds plc

Stellar is an AIM listed (AIM: STEL) diamond development company focused on the 4.5 million carat high-grade and high value Tongo-Tonguma kimberlite diamond project in the world famous diamond fields of eastern Sierra Leone. An independently generated mine plan, based on over 66,000m of drilling that has been completed to date, envisages the production of over 4 million carats, generating gross revenues of more than US$1.2 billion, over a 21 year life of mine. Initial production at Tongo-Tonguma is scheduled to occur in the first year of development, building up to over 200,000 carats per annum, with a weighted average modelled diamond value of $229 per carat. The Tongo-Tonguma mine is currently estimated to give Stellar an attributable a Post-tax NPV(8) of US$112 million and IRR of 31%.