Holding(s) in Company

Petra Diamonds Ld
19 May 2006

For release 19 May 2006



                             Petra Diamonds Limited
                                ('the Company')

                            Significant Shareholding


On 18 May 2006 the Company was notified that following recent purchases Saad
Investments Company Limited now holds 14,900,000 ordinary shares in the Company
representing approximately 10.05% of the Company's ordinary issued share
capital.



For further information, please contact:


Cathy Malins / Geraldine Richfield             Telephone: [phone]
Parkgreen Communications, London






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