Ann: AGM Presentation, page-24

And for these reasons alone, the non-executive directors MUST ensure that the LOM executive share option scheme performance KPIs, set against operational & financial metrics in each annual plan, are MET.

At the AGM, Board members acknowledged some recent logistics dificulties & an improving diamond market BUT also advised 1). status of SML repayment & one off process to confirm Angola Reserve Bank approval repatriation of loan repayments (principal plus interest) is expected shortly; 2). Near term auction of diamonds including those held over from Q1; 3). Pink heart diamond not yet sold with LOM paid raw price & to receive share of profit per polishing & sale agreement when sold: 4). Exploration activities noted by others on HC posts on the AGM presentations; 5). Funding options for MERLIN to be progressed preferably without dilution (DFS underway).

Overall more positives than negatives & I expect to see a solid HY22 operational and financial report.