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Annual Report and Accounts 2011

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Notes to the Annual Financial Statements
For the year ended 30 June 2011

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32. Subsidiaries

At 30 June 2011 the Group held 20% or more of the allotted share capital of the following significant subsidiaries:

Country of
incorporation
Class of
share capital
held
Percentage
held 2011
Percentage
held 2010
Nature of business
Afropean Diamonds (Pty) Ltd South Africa Ordinary 74% 100% Mining and exploration
Autumn Star Investments (Pty) Ltd1 South Africa Ordinary 40% 40% Mining and exploration
Blue Diamond Mines (Pty) Ltd South Africa Ordinary 100% 100% Mining and exploration
Crown Resources (Pty) Ltd South Africa Ordinary 100% 100% Mining and exploration
Cullinan Diamond Mine (Pty) Ltd2 South Africa Ordinary 74% 74% Mining and exploration
Cullinan Investment Holdings Ltd2 British Virgin Islands Ordinary 100% 100% Mining and exploration
Dancarl Diamonds (Pty) Ltd1 South Africa Ordinary 40% 40% Mining and exploration
Ealing Management Services (Pty) Ltd South Africa Ordinary 100% Services provision
Helam Mining (Pty) Ltd South Africa Ordinary 74% 100% Mining and exploration
Kalahari Diamonds Ltd United Kingdom Ordinary 100% 100% Investment holding
Kimberley Underground Mines JV Unincorporated JV Ordinary 74% 74% Mining and exploration
Koffiefontein Mine JV South Africa Ordinary 70%4 70% Mining and exploration
Messina Diamonds (Pty) Ltd South Africa Ordinary 100% 100% Mining and exploration
Messina Investments Ltd South Africa Ordinary 100% 100% Investment holding
Petra Diamonds Southern Africa (Pty) Ltd South Africa Ordinary 100% 100% Services provision
Premier Rose Management Services (Pty) Ltd1 South Africa Ordinary 100% 100% Services provision
Sedibeng Diamond Mine JV3 Unincorporated JV Ordinary 57.5% 57.5% Mining and exploration
Sekaka Diamonds (Pty) Ltd Botswana Ordinary 100% 100% Exploration
Star Diamonds (Pty) Ltd South Africa Ordinary 74% 100% Mining and exploration
Wilcroft Company Ltd Bermuda Ordinary 100% 100% Investment holding
Williamson Diamonds Ltd Tanzania Ordinary 75% 75% Mining and exploration

1. Although the Company owns 40% of Autumn Star Investments (Pty) Ltd and Dancarl Diamonds (Pty) Ltd, the Company has consolidated its
investments on the basis of control and management of daily and strategic operational activities.

2. CIHL, Cullinan Diamond Mine (Pty) Ltd and Premier Rose Management Services (Pty) Ltd are all subsidiary companies, as a result of the
additional 50% acquisition of CIHL from Al Rajhi in FY 2010 (refer note 3(b)).

3. The Company owns an effective 57.5% of Sedibeng Diamond Mine JV ("Sedibeng"), through its investment in Messina Diamonds (Pty) Ltd and an
effective 17% of Sedibeng through its investment in Autumn Star Investments (Pty) Ltd.

4. The Company owns an effective 74% of Koffiefontein Mine JV, through its investment in Re-Teng Diamonds (Pty) Ltd (refer note 3(a)).