DIAMANT CO. LTD.

Diamant Co. Ltd. Auditor Raises 'Going Concern' Doubt 04/4/2008 Diamant Co. Ltd. filed its Interim on April 04, 2008 for the period ending December 31, 2007. In this report its auditor, Shinwon Accounting Corporation, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Diamant Co., Ltd. announced it expects to receive KRW 26,499.94 million in funding. 12/3/2007 Diamant Co., Ltd. (KOSE: A033720) announced a private placement of 4,134,156 common shares at KRW 6,410 per share for gross proceeds of KRW 26,499,939,960 on December 3, 2007. On January 9, 2008, the company announced that it has amended the terms of the placement. The company will now issue 4,118,561 common shares at KRW 6,410 per share for gross proceeds of KRW 26,399,976,010.