Update on Dividend Timetable

RNS Number:9177T
Xceldiam Limited
28 March 2007


                                Xceldiam Limited
                         ("Xceldiam" or the "Company")

                          Update on Dividend Timetable

The Company confirms that the disposal of Frannor Investments and Finance
Limited to Petra Diamonds Limited ("Petra") completed on 26 March 2007 and
accordingly the dividend of the 19,674,584 shares in Petra to shareholders in
the Company, by way of a dividend in specie (the "Dividend"), is now being
finalised.

Share certificates will be dispatched to shareholders on or around 29th March
2007 and trading in the Petra shares issued pursuant to the Dividend is expected
to commence on Monday 2 April 2007.


For further information please contact:


WH Ireland
David Youngman/Katy Mitchell            Tel: +44 (0) 161 832 2174
Xceldiam
Timothy George                          Tel: +27 82 573 4199




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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