The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

Karelian Diamond Resources plc

("Karelian" or "the Company")

27 March 2017

Holding in the Company

Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), announces that it was informed on 25 March 2017 that Steven Coomber is now interested in 13,095,391 ordinary shares of €0.00001 in the capital of the Company, equal to approximately 3.18 per cent. of Company's issued ordinary share capital.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc

Tel: +353-1-661-8958

Virginia Bull / James Thomas / Nick Harriss, Allenby Capital Limited (Nomad)

Tel: +44-20-3328-5656

Ger Heffernan / Jan Fitzell, IBI Corporate Finance Limited (ESM Adviser)

Tel: +353-7662-34800

Jon Belliss / Elliot Hance, Beaufort Securities Limited (Broker)

Tel: +44-20-7382-8300

Michael Padley, Lothbury Financial Services Limited

Tel: +44-20-3290-0707

Don Hall, Hall Communications

Tel: +353-1-660-9377

www.kareliandiamondresources.com

Karelian Diamond Resources plc published this content on 27 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 March 2017 08:34:17 UTC.

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