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Lorito Holdings S.a.r.l. and Zebra Holdings and Investments S.a.r.l. Transfer Shares of Lucara Diamond Corp. to Nemesia S.a.r.l.

/ -- LUXEMBOURG, LUXEMBOURG -- (Marketwired) -- 05/30/16 -- Lorito Holdings S.a.r.l. ("Lorito") and Zebra Holdings and Investments S.a.r.l ("Zebra") 40, Boulevard Grande Duchesse Charlotte, L-1330 Luxembourg, two companies controlled by a trust settled by the late Adolf H. Lundin, announced today that pursuant to a corporate reorganization, Lorito and Zebra have transferred to Nemesia S.a.r.l. ("Nemesia") 32,700,000 common shares and 34,800,000 common shares respectively of Lucara Diamond Corp. ("Lucara" TSX, LUC-BSE, LUC-Nasdaq Stockholm) representing 17.7% of the outstanding shares of Lucara to hold no common shares of Lucara. Pursuant to the above referenced reorganization, Lorito and Zebra received Class A shares of Nemesia as consideration for the common shares of Lucara and together own 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.

Lorito and Zebra were joint actors with respect to their common shares of Lucara which were acquired for investment purposes. Each of Lorito and Zebra may from time to time make a future investment in the common shares of 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

Aksel Azrac
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