Gem Diamonds Australia Notice of extension of offer

    8 November 2007

AIM RELEASE

KIMBERLEY DIAMOND COMPANY NL (the Company) (AIM: KDC)

GEM DIAMONDS AUSTRALIA PTY LTD (GDA) - EXTENSION OF OFFER

The Company has today received notice of variation from GDA in relation to its
off-market takeover bid for all the shares in Kimberley Diamonds (the Offer).
The Offer has been varied by:

- extending the Offer close period to 5.00pm (WST) to 23 November 2007; and

- extending the new date for giving notice of the status of the conditions of
the Offer to 15 November 2007.

A copy of the notice can be found on the Company's website 
www.kimberleydiamondco.com.au.

J Mathie
COMPANY SECRETARY

The Company's Nominated Advisor is RFC Corporate Finance Ltd, contact Steve
Allen or Stuart Laing - phone +618 9480 2500.

KIMBERLEY DIAMOND COMPANY NL ABN 91 061 899 634
12 WALKER AVENUE WEST PERTH 6005 WESTERN AUSTRALIA
PO BOX 806 WEST PERTH WESTERN AUSTRALIA 6872
TEL (+61-8) 9321 5887 FAX (+61-8) 9321 5884 EMAIL general@kimres.com.au
WWW www.kimberleydiamondco.com.au



END

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