Significant Shareholder

Petra Diamonds Ld
22 May 2006




22 May 2006



                             Petra Diamonds Limited

                                ('the Company')

                            Significant Shareholding



On 19 May 2006 the Company was notified that following recent purchases Al Salam
Opportunities now hold 6,800,000 ordinary shares in the Company representing
approximately 4.58% of the Company's ordinary issued share capital.









For further information, please contact:


Cathy Malins                               Telephone: [phone]
Parkgreen Communications, London






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