Significant Shareholding

Petra Diamonds Ld
08 March 2006


                             Petra Diamonds Limited
                                ('the Company')

                            Significant shareholding


On the 8th March 2006 the Company was notified that following recent purchases
Saad Investments Company Limited now hold 12,000,000 ordinary shares in the
Company representing approximately 8.1 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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