Holding in Company

Petra Diamonds Ld
05 April 2007


                             Petra Diamonds Limited
                                ('the Company')

                            Significant Shareholding


On 5 April 2007 the Company was notified that following recent purchases Saad
Investments Company Limited now hold 46,860,390 ordinary shares in the Company
representing approximately 25.86% of the Company's ordinary issued share
capital.


For further information, please contact:


Cathy Malins / Annabel Leather                 Telephone: [phone]

Parkgreen Communications, London


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