Significant Shareholding

Petra Diamonds Ld
16 August 2006



16 August 2006

                             Petra Diamonds Limited
                                ('the Company')


                            Significant Shareholding



On 16 August 2006 the Company was notified that following recent purchases Saad
Investments Company Limited now hold 19,428,487 ordinary shares in the Company
representing approximately 12.9% 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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