Petra Diamonds Limited -- Moody's Assigns provisional (P)B2 Rating to Petra Diamonds Notes

London, 24 April 2015 -- Moody's Investors Service ("Moody's") has today assigned Petra Diamonds Limited ("Petra") a provisional (P)B1 Corporate Family Rating (CFR). The provisional CFR has been assigned on the basis of the anticipated successful placement of Petra's proposed $300 million senior secured second lien guaranteed notes issued by Petra Diamonds US Treasury Plc and due 2020, to which Moody's has assigned a provisional (P)B2 rating. The provisional ratings assume no material variation in the documentation received to date relating to the notes, Petra's existing senior first lien obligations and proforma capital structure. The outlook on the ratings is stable. This is the first time Moody's has rated Petra.

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