Significant shareholder

RNS Number : 5190C

Petra Diamonds Ld

02 September 2008

 

2 September 2008

AIM: PDL

Petra Diamonds Limited 

('the Company')

Significant Shareholding

The Company was notified on 1 September 2008 that following recent purchases Saad Investments Company Limited now holds 65,261,722 ordinary shares in the Company representing approximately 35.5% of the Company's ordinary issued share capital.

Petra Diamonds Limited is a Bermuda registered company and as such is not subject to the Takeover Code and accordingly there is no obligation for a mandatory offer under the Rules of the Takeover Code by any shareholder increasing their holding above 30% of the Company's issued share capital.

For further information, please contact:

Cathy Malins	Telephone: [phone]
Petra Diamonds, London	[e-mail]

Adrian Hadden	Telephone: [phone]
Collins Stewart, London

or visit Petra Diamonds at www.petradiamonds.com

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