TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: EVERFOR DIAMONDS PLC
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights: ( )
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : STATUTORY NOTIFICATION FOR HOLDING ABOVE 3% ( X )
3. Full name of person(s) subject to the notification obligation):
RAB SPECIAL SITUATIONS (MASTER) FUND
4. Full name of shareholder(s) (if different from 3.): CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED
5. Date of the transaction (and date on which the threshold is crossed or reached if different): n/a
6. Date on which issuer notified: 20/03/2007 (HOLDING AS AT 16/03/2007
7. Threshold(s) that is/are crossed or reached: ABOVE 3%
8. Notified details: n/a

A: Voting rights attached to shares
Class/type of shares
if possible using the ISIN CODE Situation previous to the triggering transaction Resulting situation after the triggering transaction
Number of shares Number of voting Rights Number of shares Number of voting rights % of voting rights
Direct Direct Indirect Direct Indirect
ORDINARY SHARES
28,333,333 28.66% n/a n/a n/a 28.66% 28.66%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Expiration date Exercise/Conversion period/ Date Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights
n/a n/a n/a n/a n/a

Total (A+B)
Number of voting rights % of voting rights
A ONLY 28.66%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
RAB Capital plc acts as investment manager for RAB SPECIAL SITUATIONS (MASTER) FUND LTD. RAB Capital plc does not act as custodian for its clients and therefore the shares are held in the nominee name of the custodian of its clients, which is CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED.

Proxy Voting:
10. Name of the proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information:
N/A
14. Contact name:
LEGAL TEAM
15. Contact telephone number: 020 7389 7000

Annex Notification of Major Interests in Shares
A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities) RAB CAPITAL PLC FOR AND ON BEHALF OF RAB SPECIAL SITUATIONS (MASTER) FUND LTD
Contact address (registered office for legal entities) C/O RAB CAPITAL PLC, 1 ADAM STREET, LONDON WC2N 6LE
Phone number 020 7389 7000
Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name ALL AS ABOVE
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional Information
n/a



ENDS
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For further information please contact:

David Swan, Company Secretary, Everfor Diamonds Plc
Tel: +44 (0) 20 7514 0590

Gavin Dallas, Marketing and PR, Everfor Diamonds Plc
Tel: +44 (0) 20 7514 0590

www.everfor.com