Director Share Awards

Petra Diamonds Limited

(Petra or the Company)

Director Share Awards

Petra announces that the Executive Directors of the Company have been granted deferred awards over ordinary shares in the Company under the annual performance bonus plan.

The deferred share awards, representing 25% of the total annual performance bonus for the financial year ended 30 June 2023, are as follows:

The Company also announces the grant of performance based share awards under the Company's 2021 Performance Share Plan ("2021 PSP") over ordinary shares in the Company.

The awards made are as follows, with full vesting of the maximum award requiring performance conditions to be met in full:

Notes:

• The 30-day VWAP to 17 October 2023 for deferred share and 2021 PSP awards is 66.9 pence per share.
• All awards under the annual performance bonus plan and 2021 PSP are granted as conditional awards over ordinary shares in Petra of 0.05 pence each.
• The awards under the annual performance bonus plan are deferred for two years; these awards may be settled using shares purchased in the market or in cash, at the Company's discretion.
• The FY 2024 awards under the 2021 PSP are subject to performance conditions based on (i) 15% linked to absolute total shareholder return (with reference to 30-day VWAP at date of final award); (ii) 15% linked to relative total shareholder return; (iii) 30% linked to cashflow generation and resultant net debt profile measured over the three years FY2024 to FY2026; (iv) 25% linked to operational performance and efficiencies; and (v) 15% linked to ESG and sustainability.
• Further details regarding the share awards are set out within the Directors' Remuneration Report within the Company's 2023 Annual Report.
• No consideration was payable for the grant of the awards.
• The grant of these awards does not affect Petra's Total Voting Rights.

• Details of the person discharging managerial responsibilities / person closely associated
• Name Richard Duffy
• Reason for the notification
• Position/status Chief Executive
• Initial notification/Amendment Initial Notification
• Name Petra Diamonds Limited
• LEI 213800X4QZIAVSA12860
• Description of the Financial instrument, type of instrument Identification code Ordinary shares of 0.05p per share par value BMG702782084
• Nature of the transaction Award of deferred shares
• Price(s) and volume(s) Price(s) Volume(s) N il 141,672
• Aggregated information · Aggregated volume · Price 141,672 N il
• Place of the transaction London Stock Exchange, Main Market (XLON)
• Details of the person discharging managerial responsibilities / person closely associated
• Name Richard Duffy
• Reason for the notification
• Position/status Chief Executive
• Initial notification/Amendment Initial Notification
• Name Petra Diamonds Limited
• LEI 213800X4QZIAVSA12860
• Description of the Financial instrument, type of instrument Identification code Ordinary shares of 0.05p per share par value BMG702782084
• Nature of the transaction Grant of performance based share awards
• Price(s) and volume(s) Price(s) Volume(s) N il 1,075,998
• Aggregated information · Aggregated volume · Price 1,075,998 N il
• Place of the transaction London Stock Exchange, Main Market (XLON)
• Details of the person discharging managerial responsibilities / person closely associated
• Name Jacques Breytenbach
• Reason for the notification
• Position/status Finance Director
• Initial notification/Amendment Initial Notification
• Name Petra Diamonds Limited
• LEI 213800X4QZIAVSA12860
• Description of the Financial instrument, type of instrument Identification code Ordinary shares of 0.05p per share par value BMG702782084
• Nature of the transaction Award of deferred shares
• Price(s) and volume(s) Price(s) Volume(s) N il 93,594
• Aggregated information · Aggregated volume · Price 93,594 N il
• Place of the transaction London Stock Exchange, Main Market (XLON)
• Details of the person discharging managerial responsibilities / person closely associated
• Name Jacques Breytenbach
• Reason for the notification
• Position/status Finance Director
• Initial notification/Amendment Initial Notification
• Name Petra Diamonds Limited
• LEI 213800X4QZIAVSA12860
• Description of the Financial instrument, type of instrument Identification code Ordinary shares of 0.05p per share par value BMG702782084
• Nature of the transaction Grant of performance based share awards
• Price(s) and volume(s) Price(s) Volume(s) N il 717,340
• Aggregated information · Aggregated volume · Price 717,340 N il

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