Significant Shareholding

Petra Diamonds Ld
03 February 2006

                             Petra Diamonds Limited

                                ('the Company')



                            Significant shareholding





On the 3rd February 2006 the Company was notified that following recent
purchases Saad Investments Company Limited now hold 10,540,178 ordinary shares
in the Company representing approximately 7.1 per cent. of the Company's
ordinary issued share capital.





For further information, please contact:


Parkgreen Communications
Justine Howarth / Annabel Leather
Tel: [phone]








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