Pala Investments Holdings Limited



    TORONTO, Sept. 12 /CNW/ -

    
    1.  Name and address of the offeror:

        Pala Investments Holdings Limited
        22 Colomberie, St. Helier
        Jersey
        JEI 4XA

    2.  Designation and number or principal amount of securities and the
        offerors's securityholding percentage in the class of securities of
        which the offeror acquired ownership or control in the transaction or
        occurrence giving rise to the obligation to file the news release,
        and whether it was ownership or control that was acquired in the
        those circumstances:

        On September 10, 2007, Pala Investments Holdings Limited ("PIHL")
        acquired ownership and control of 6,225,000 common shares of
        Rockwell Diamonds Inc. ("Rockwell"), representing approximately 3.35%
        of the 185,880,279 common shares of Rockwell known by PIHL to be
        issued and outstanding.

    3.  Designation and number or principal amount of securities and the
        offerors's securityholding percentage in the class of securities
        immediately after the transaction or occurrence giving rise to the
        obligation to file the news release:

        After giving effect to the transaction referred to in item 2 above,
        PIHL owns and controls a total of 21,543,000 common shares of
        Rockwell, representing approximately 11.59% of the 185,880,279 common
        shares of Rockwell known by PIHL to be issued and outstanding.

    4.  Designation and number or principal amount of securities and the
        percentage of outstanding securities of the class of securities
        referred to in paragraph 3 over which

        (a) the offeror, either alone or together with any joint actors, has
            ownership and control:

        See item 3 above.

        (b) the offeror, either alone or together with any joint actors, has
            ownership but control is held by other persons or companies other
            than the offeror or any joint actor:

        Not applicable.

        (c) the offeror, either alone or together with any joint actors, has
            exclusive or shared control but does not have ownership:

        Not applicable.

    5.  Name of the market in which the transaction or occurrence that gave
        rise to the news release took place:

        Toronto Stock Exchange.

    6.  Purpose of the offeror and any joint actors in effecting the
        transaction or occurrence that gave rise to the news release,
        including any future intention to acquire ownership of, or control
        over, additional securities of the reporting issuer:

        The common shares were acquired for investment purposes. PIHL has no
        current plan or proposal which relates to, or would result in
        acquiring ownership or control over additional securities of
        Rockwell. PIHL may purchase or sell securities of Rockwell in the
        future on the open market or in private transactions, depending on
        market conditions and other factors relevant to PIHL's investment
        decisions.

    7.  The general nature and the material terms of any agreement, other
        than lending arrangements, with respect to securities of the
        reporting issuer entered into by the offeror, or any joint actor, and
        the issuer of the securities or any other entity in connection with
        the transaction or occurrence giving rise to the news release,
        including agreements with respect to the acquisition, holding,
        disposition or voting of any of the securities:

        Not applicable.

    8.  Names of any joint actors in connection with this disclosure:

        Not applicable. However, Mr. Vladimir Iorich is the indirect
        beneficial owner of PIHL.

    9.  In the case of a transaction or occurrence that did not take place on
        a stock exchange or other market that represents a published market
        for the securities, including an issuance from treasury, the nature
        and value of the consideration paid by the offeror

        Not applicable.

    10. Description of any change in any material fact set out in a previous
        report by the entity under the early warning requirements in respect
        of the reporting issuer's securities:

        Not applicable.

        DATED September 12, 2007

    





For further information:

For further information: Jan Castro, Telephone: 011-41-41-560-9070

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Pala Investments Holdings Limited

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