Holding in Company

Petra Diamonds Ld
08 December 2006



                             Petra Diamonds Limited
                                ('the Company')

                            Significant Shareholding


On 8 December 2006 the Company was notified that following recent purchases Saad
Investments Company Limited now hold 28,882,970 ordinary shares in the Company
representing approximately 19.2% 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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