28th May, 2008

Namakwa Diamonds Limited ("Namakwa Diamonds" or the "Company") - Notification of Transaction of Directors, Persons Discharging Managerial Responsibility or Connected Persons pursuant to DTR 3.1.4R(1)

Namakwa Diamonds (LSE: NAD) today announces that on May 23 the Kruger Family Foundation purchased 200,000 Namakwa Diamond ordinary shares at an average price of 153 GBp. Following the purchase of the shares, the Kruger Family Foundation now own 18,827,595 shares representing approximately 16.17% of the ordinary shares of the Company.  

Members of the Kruger family, including Nico Kruger, Chief Executive of Namakwa Diamonds, Tom Kruger, Deputy Chairman of the Company, and Heno Kruger, the Company's Head of Beneficiation are potential beneficiaries of the Kruger Family Foundation.

For further information please contact: 

Namakwa Diamonds - Nico Kruger 

Tel: +27 11 334 8886

Taylor Rafferty - Rob Newman 

Tel: +44 207 614 2900

About Namakwa:

Namakwa Diamonds is the only quoted vertically integrated diamond mining company. Its strategy of backward integration from its 30 years of beneficiation experience into mining has created a unique public investment proposition. Namakwa Diamonds has a diversified portfolio of diamond projects, which includes five distinct diamond resource target areas. These are located in four African countries, namely; South Africa, the Democratic Republic of Congo, Namibia and Angola. Namakwa's projects are located within historically prospective geological environments. Alluvial diamond deposits constitute the primary focus of the company, whilst kimberlite opportunities will be considered if they represent an advanced stage of development, consistent with Namakwa's philosophy of a short resource delivery time as provided by its alluvial diamond mines.

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