RNS Number:2968R
European Diamonds PLC
24 October 2003


                             EUROPEAN DIAMONDS PLC

                                (the "Company")


                   Admission of new shares to trading on AIM


24 October 2003


On 29 September 2003 the Company announced that it was arranging a private
placement of up to 1.5 million new ordinary shares of 5p each ("New Ordinary
Shares") at 70p per share to raise gross proceeds of up to #1.05 million.
Subscription agreements have now been received in respect of the entire
placement.


Application has been made for 1,150,000 New Ordinary Shares to be admitted to
trading on AIM and it is expected that these New Ordinary Shares will be
admitted to trading on Monday 27 October 2003.


Subscriptions for 350,000 New Ordinary Shares are conditional on approval by
shareholders at an Extraordinary General Meeting which has been convened for 31
October 2003.


Application will be made in due course for the balance of placement of New
Ordinary Shares to be admitted to trading on AIM.


For further information please contact:


Anthony J Williams - Chairman
or
Alex Chapman - Investor Relations


European Diamonds PLC
22 Grosvenor Square
London, W1K 6LF
Tel: +44 (0) 20 7529 7502
Fax: +44 (0) 20 7491 2244
e-mail: enquiries@europeandiamondsplc.com
website: www.europeandiamondsplc.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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