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August 2014

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Disclaimer

This document is personal to the recipient and has been prepared and issued by Botswana Diamonds plc (the Company) solely for its use at informational meetings relating to the proposed placing by the Company (the Transaction) and is being delivered on a confidential basis for information purposes only to a limited number of persons. For the purposes of this notice, the presentation that follows (the Presentation) shall mean and include the slides that follow, the oral presentation of the slides by the Company, the question-and-answer session that follows that presentation, hard copies of this document and any materials distributed at, or in connection with, that presentation. By attending the meeting where this Presentation is being made, or by reading the Presentation slides, you agree to be bound by the following limitations.

This Presentation has not been independently verified by Westhouse Securities Limited (the Agent). The Presentation is for information purposes only and does not purport to contain all information that a prospective investor may require. No reliance may be placed for any purposes whatsoever on the information contained in this Presentation or on its completeness, accuracy or fairness. No representation or warranty, express or implied, is given by or on behalf of the Company, the Agent or any of such persons’ directors, officers, advisers, agents or employees or any other person as to the accuracy or completeness of the information or opinions contained in this Presentation and, to the extent permitted by law, no liability whatsoever (in negligence or otherwise) is accepted by the Company, the Agent or any of such persons’ directors, officers, advisers, agents or employees or any other person for any loss, howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. In particular, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on any projections, targets, estimates or forecasts contained in this Presentation and nothing in this Presentation is or should be relied on as a promise or representation as to the future. The information and opinions set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. In furnishing this Presentation, the Company does not undertake any obligation to provide any additional information or to update or keep current the information in this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent.

This Presentation contains confidential information and is the property of the Company. It is made available strictly for the purposes referred to above. This Presentation must be held in complete confidence and may not be reproduced, used (other than for such purposes) or disclosed directly or indirectly without the prior written consent of the Company. By accepting delivery of this Presentation, the recipient agrees to return it at the request of the Company.

This Presentation should not be considered as the giving of investment advice by the Agent, the Company or any of its shareholders, directors, officers, agents, employees or advisors. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary.

Some statements contained in this Presentation or in documents referred to in it are or may be “forward-looking statements” or “forward-looking information” (as such terms are understood under applicable securities laws) (forward-looking statements), including, but not limited to, statements as to future operating results, work plans and potential acquisitions and contracts. The forward-looking statements include statements typically containing the words “intends”, “expects”, “anticipates”, “targets”, “plans”, “estimates” and words of similar import. These forward-looking statements speak only as at the date of this Presentation. These statements are based on current expectations and beliefs and, by their nature, are subject to a number of known and unknown risks, uncertainties and assumptions that could cause actual results, performances and achievements of the Company and its subsidiaries to differ. The forward-looking statements are based on numerous assumptions regarding the Company’s present and future business, strategies and interests and the environments in which the Company may operate in the future and such assumptions may or may not prove to be correct. No one undertakes to update or revise such forward-looking statements. Nothing in this Presentation or in documents referred to in it should be considered as a profit forecast. All expressions of opinion and belief contained in the Presentation are opinions and beliefs held by the Company at the date of the Presentation. Material factors that could affect the Company’s future results and could cause results to differ materially from those expressed in any forward-looking statements in this Presentation can be found in the Company’s 2012 annual report, available at http://www.botswanadiamonds.co.uk/res/file/BotswanaAR2012.pdf.

Accordingly, recipients of this Presentation are advised not to place undue reliance on the forward-looking statements contained in this Presentation.

Past performance cannot be relied on as a guide to future performance.

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This Presentation is directed at, and is only for distribution to, persons in member states of the European Economic Area who are “qualified investors” within the meaning of Article 2(1)(e) of the European Prospectus Directive 2003/71/EC (or who are persons to whom it may otherwise be lawfully communicated). No offer of securities in the Company is being or will be made in the United Kingdom in circumstances which would require such a prospectus to be prepared.

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Company Snapshot

AIM listed diamond explorer focussed onBotswana

Experienced management team with priorsuccessful diamond discovery (Karowe)

Good ground in the right areas

World class partner in Alrosa – the worldbiggest diamond producer; very successfuldiamond explorer (17 mines)

Well funded for current programmes. Cash$750,000. Expenditure to the end 2014$340,000

Share Price – 1 Year

Significant Shareholders

Corporate Information

Shareholders who hold more than 3% % Holding

John Teeling 13.70

Rene Nominees 9.00

WB Nominees 5.00

HSBC Global Nominees 5.00

James Finn 5.60

Exchanges AIM (LSE) /BSE

Ticker BOD

Shares in Issue 196.2 m

Market Cap £5.2 m

Share price 2.5

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Management Team

John Teeling - Executive Chairman Widely experienced in mineral exploration. Founder of a number of listed resourcecompanies, including African Diamonds. Currently chairs Petrel Resources,Connemara Mining and Clontarf Energy as well as Botswana. Holds a doctorate fromHarvard.

James Finn - Finance Director 20 years’ African resource company experience. Holds qualifications in finance andaccounting. A director of a number of resource and industrial ventures. Has led thelisting procedure for ten AIM companies.

David Horgan - DirectorDirector of AIM listed oil explorer Petrel Resources plc and Clontarf Energy plc. Holds aLaw degree from Cambridge and an MBA from Harvard. 20 years of explorationexperience.

Robert Bouquet – Commercial Director20 years' experience in diamond industry, 15 with De Beers and Rio Tinto Diamonds ina variety of strategic and commercial roles.

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…The Diamond Market

Outstanding fundamentals

Emerging markets driving growth

40% of Chinese girls now get a diamond ring

Industry structural changes underway. De Beers declining, Alrosa rising, new entrants

Clear supply-demand gap forming

Prices remain at historically strong levels

Source: Bain & Co, August 2013

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Why Botswana?

Botswana: the Switzerland of Africa; a stable, wealthy democracy.Two million people; one main ethnic group and language.

Still the largest diamond producing country (by value) in theworld, with four world-leading diamond mines.

The BOD team were part of the group who discovered the Karowemine in 2004; sold to Lucara for $90m (TSX: LUC) in December2010. Lucara share price increased from C$0.80c-C$2.75 in thepast 12 months.

BOD has extensive ground in areas known to contain diamonds.

Joint Venture with Alrosa signed in August 2013. Alrosa wantsinto Botswana because of high potential of new discoveries usingtheir proprietary technology.

Karowe Diamond Mine. Source: Lucara Diamonds

239ct stone mined at KaroweSource: Lucara Diamonds

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Botswana: 3 projects

Orapa - Alrosa JV Licences

PL117/2011

PLs 206-210/2014 (5 in total)

Orapa – 100 (BOD)-owned ground

PL 170/2012

PL 166/2013

PL 167/2013

Gope / CKGR - Brightstone JV

PLs 176-188/2012

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Project Licences Structure Size Title Latest News

Botswana JV (Eversharp) -Part of Alrosa JV

PL117 (1) JV

BOD will go to 95%

2.9 sq km Jun – 2016On extension

Four anomalies discovered; drilling September 2014

Two top priority targets

Botswana JV (Alrosa)

PLs 206-210/2014 (5)

JV

50/50 heads up

1,357.5 sq km

Mar – 2017 Awarded May 2014 Work programme being designed Fieldwork commences Sept 2014

Botswana –Orapa

PL170 (1) 100% BOD 249sq km

May – 2015 Initial drilling completed. Prospects being reviewed.

Botswana –Orapa

PL166 (1) 100% BOD 259 sqkm

Sep – 2016 Awarded August 2013

Botswana –Orapa

PL167 (1) 100% BOD 225 sqkm

Sep – 2016 Awarded August 2013; samples analysis underway

Botswana JV (Brightstone)

PLs 176-188/2012 (13)

JV 6,518sq km

Dec – 2015 Earn-in 51% on $940k spend

Botswana Diamonds:

Prospecting Licences (PLs)

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Botswana: Orapa Area

Prospecting Licences

Current Focus

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Botswana: Alrosa JV

In 2013 Botswana Diamonds signed a 50/50 Joint Venture with Alrosa, theworld’s largest diamond producer by volume (since 2009).

Alrosa has 17 producing mines, producing 37 mcts in 2013 – approx. 26% ofthe entire world’s production – and a highly successful exploration record.

Currently majority owed by the Russian State. IPO’d 16% in October 2013at a value of around $8bn

Geographic diversification into Africa underway

Catoca mine – 33% share held by Alrosa

Alrosa Africa-based Exploration programmes: Angola, Botswana & Zimbabwe

Botswana Diamonds is their sole Botswana partner

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Botswana: Alrosa JV

Alrosa’s unique exploration technology is being used to explore up to 120mbeneath the Kalahari sand, swamps and basalt in Botswana.

Botswana Diamonds has provided its extensive Orapa database to Alrosa.

Alrosa analysed the data and produced a series of targets across Orapa.

We applied for extensive ground covering many of these targets.

The joint venture is a 50/50 heads up agreement in Botswana. The firstyear joint budget is $1 million – about $600,000 will be spent in theremainder of 2014.

On the ground exploration in Botswana began in January 2014 on PL117which was identified from analysing the database

Following fieldwork in Q1 2014, analyses in Q2 anomalies were identifiedand drill targets selected. Drilling commences late September 2014

New ground awarded May 2014 – on which there are high priority targets.

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Botswana: PL117

First target of Alrosa JV: PL117, a 2.9 sq km licence in the Orapa area, 10kmfrom the Karowe mine; Kalahari sand cover between 60-100 metres.

PL117 already contains AK10, a diamondiferous bearing kimberlitediscovered in 2004 by African Diamonds/ De Beers.

Ground exploration began January 2014. Samples were shipped to Alrosalab in Russia for analysis. Results received July.

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Botswana: PL117

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Botswana: PL117 – Phase I Exploration

Four previously unknown anomalies identified.

Alrosa believe the previously discovered diamonds and other diamondindicator minerals are not all from the known AK10 kimberlite.

Two top propriety targets AN1 and AN2. Drilling September 2014 onAN2

Further on the ground geophysical work will select the drill locations forAN1.

A team of 8 Alrosa specialists will join the Botswana team on theground in September.

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Botswana: PL117 – Phase I

New anomalies have been found

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Botswana: PLs 206-210/2014 Orapa

5 new PLs awarded in May 2014

High priority Alrosa targets on this ground. They predict newkimberlites

Combined acreage – 1357.5 sq km

Sand and swamps prevented De Beers success

No previous kimberlites were discovered on these areas

Work programme being devised now

A joint team will be on the ground in September

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Botswana: PLs 170, 166 & 167(100% owned licenses)

3 prospective blocks awarded: May 2012 (PL170)& August 2013 (PL 166

& 167). 733 sq km of ground.

Part of the Orapa kimberlite cluster on the Kaapvaal craton. The ground

is known to contain diamonds.

Initial drilling on PL170 was unsuccessful; partners & experts believe

the diamond indicator minerals might have travelled from adjacent

blocks.

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Botswana: Brightstone JV in Gope

13 licence blocks in an area of 6,518 square kilometres in the Gope area

The surrounding area contains the Ghaghoo mine under development and the

new Petra discovery KX-36.

There are 21 known kimberlites.

BOD has applied its extensive geophysical and geochemical database to the

area and has identified 3 new targets in the Southwest of the block.

Alrosa has also applied its techniques and generated targets in the North.

BOD has become the operator of the block and will earn into Brightstone by

spending up to $940,000 over three years to earn 51 per cent.

There are ongoing discussions with a potential partner who will

farm into the JV and give BOD a carry.

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Botswana: Gope Area Licences

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Outlook

PL117 exploration, drill targets identified

Drilling September 2014

High priority new ground awarded in Orapa May 2014

Experienced management team with previous track record of successful

diamond exploration

Operating in Botswana – the largest diamond producer by value in the

world

World leading diamond partner in Alrosa

Farm out of Gope ground enabling focus on the Orapa JV.

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162 Clontarf RoadClontarfDublin 3

Ph: +353 1833 2833Web: www.botswanadiamondsplc.com

www.botswanadiamonds.co.ukEmail: info@botswanadiamondsplc.com

info@botswanadiamonds.co.uk