Ann: Lulo Diamonds Sell for A$2.1 Million, page-2

Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or “the Company”) is pleased to announce the sale of a seventh parcel of diamonds from the Lulo Diamond Project in Angola. The parcel of 1,339 carats of Lulo alluvial diamonds generated gross revenues of A$2.1 million (US$1.5 million), representing an average selling price of A$1,571 (US$1,120) per carat. As with the previous diamond sale, this price was achieved against a backdrop of soft conditions in the international diamond market. The latest sale brings to A$17.9 million (US$14.4 million in US$ invoiced sales) the total proceeds generated to date from the sale of seven parcels of Lulo diamonds weighing 9,377 carats for an average overall selling price of A$1,910 per carat (US$1,532). As with previous diamond sales, the Lulo partners will use the latest sale proceeds to fund ongoing operations at Lulo.