Significant Shareholding

Petra Diamonds Ld
20 September 2005

                             Petra Diamonds Limited
                                ('the Company')

                            Significant Shareholding

On 20th September 2005, the Company was notified that following recent purchases
Saad Investments Company Limited now hold 7,956,473 ordinary shares in the
Company representing approximately 6.07 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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