Nemesia S.a.r.l. Acquires Shares of Lucara Diamond Corp.

LUXEMBOURG, LUXEMBOURG--(Marketwired - May 30, 2016) - Nemesia S.à.r.l. ("Nemesia"), 40 Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, 100% of the shares of which are owned by Lorito Holdings S.à.r.l. ("Lorito") and Zebra Holdings and Investments S.à.r.l. ("Zebra"), two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that, pursuant to a corporate reorganization, it has acquired 32,700,000 common shares of Lucara Diamond Corp. ("Lucara" TSX, LUC-BSE, LUC-Nasdaq Stockholm) from Lorito and 34,800,000 common shares of Lucara from Zebra to hold a total of 67,500,000 common shares of Lucara representing 17.7% of the issued and outstanding shares of Lucara. Pursuant to the reorganization, Lorito and Zebra received Class A shares in the capital of Nemesia in exchange for the shares of Lucara transferred to Nemesia and as a result Lorito and Zebra hold 100% of the outstanding Class A shares of Nemesia. The common shares of Lucara had a deemed value of Cdn.$4.03 for purposes of the reorganization.

Nemesia has acquired the shares of Lucara for investment purposes and may from time to time increase or decrease its investment in Lucara depending upon the business and prospects of Lucara and depending upon future market conditions.

A copy of the Early Warning Report filed pursuant to National Instrument 62-103 may be obtained from Sandy Kansky, 1-604-806-3574