Director Change

Petra Diamonds Limited

("Petra" or "the Company")

Director Change

Petra announces that Richard Duffy has resigned as Chief Executive Officer (CEO) and Director of the Company by mutual agreement and with immediate effect.

Vivek Gadodia and Juan Kemp have been appointed as joint interim Chief Executive Officers. Vivek will have responsibility for all Group corporate matters and Juan will have responsibility for all Group operational matters. Both Juan and Vivek will report into the Board and lead Petra's Executive Committee. At this point, they will not be appointed as Directors.

Vivek joined Petra in 2021 and his roles on the Executive Committee have included Planning and Corporate Development Executive and more latterly Chief Restructuring Officer. Before joining Petra, Vivek spent nearly 15 years with Sasol in a wide range of engineering, project management and corporate positions. Juan joined Petra in 2009 when the Cullinan Mine was purchased from De Beers. Juan became General Manager at Cullinan Mine in 2011, Chief Technical Officer in 2019 and Operations Executive, Cullinan Mine in 2024. Juan has over 30 years' experience, with a deep knowledge of the Cullinan Mine and before his time at De Beers, he worked at Anglo Gold in the East Rand Gold and Uranium Division.

José Manuel Vargas, Petra's Chair, said:

"On behalf of the Board, I would like to thank Richard for his hard work and dedication as CEO since he joined Petra in 2019. We wish Richard all the best for the future.

We congratulate Juan and Vivek on their interim appointments. The Board looks forward to working with them on the delivery of Petra's near-term objectives, in particular the refinancing of its debt."

Richard Duffy, said:

"It's been an honour and a privilege to serve Petra for the past almost six years. I would like to thank the Petra team and my fellow Directors and wish Petra every success going forward."

596/2014 and is being released on behalf of Petra by the Company Secretary.