Gem Diamonds extension of share/options offer periods

    30 November 2007

AIM RELEASE

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

GEM DIAMONDS AUSTRALIA LIMITED
NOTICES OF VARIATION - EXTENSION OF OFFER PERIODS
AND LETTER TO SHARE AND OPTION HOLDERS

The Company has been served with notices of variation in relation to extension
of the share and option offers by Gem Diamonds Australia, lodged with the
Australian Securities & Investments Commission, the Australian Securities
Exchange and dispatched to Kimberley shareholders and optionholders today. The
close periods in respect to the share offer and option offer have been extended
to 17 December and 18 December respectively.

Copies of the notices are available on the Company's website on
www.kimberleydiamondco.com.au.

Jean 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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