Lucapa Diamond Company Limited advised that Managing Director, Mr. Stephen Wetherall, has advised the Board of his intention to step down as both Managing Director at the end of this month. The Board has resolved that Mr. Nick Selby, appointed as Executive Director Operations in September 2017, will be appointed as Interim Chief Executive Officer on Mr. Wetheralls exit and continue in the role while an executive search for a new Chief Executive Officer and Managing Director is undertaken. Mr. Selby s material terms of employment will be unchanged from those disclosed in the company s 2022 Annual Report.

As outgoing Chief Executive Officer, Mr. Wetherall will continue to work closely with Mr. Selby and the management team to ensure a smooth transition. Following the end of his employment, the Company intends to engage Mr. Wetherall independently as a consultant and on arm s length commercial terms to continue to further the Company s diamond marketing and downstream initiatives.