Significant Shareholding

Petra Diamonds Ld
31 August 2005


                             Petra Diamonds Limited
                                ('the Company')

                            Significant shareholding


On the 31st August 2005, the Company was notified that following recent
purchases Saad Investments Company Limited now hold 6,566,453 ordinary shares in
the Company representing approximately 5.0 per cent. of the Company's ordinary
issued share capital.


For further information, please contact:

Petra Diamonds, South Africa          Parkgreen Communications
David Abery                           Justine Howarth / Cathy Malins
Tel: [phone]                  Tel: [phone]

Petra Diamonds, Perth
John Baillie
Tel [phone]




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