Director/PDMR Shareholding

27 February 2023

LSE: PDL

Petra Diamonds Limited

(“Petra”, “the Company” or “the Group”)

Notification and public disclosure of transactions by Director/PDMR Shareholding

The Company was notified on 24 and 27 February 2023 of the purchase of shares in the Company by Varda Shine, Senior Independent Non-Executive Director of Petra Diamonds Limited.

Varda Shine, Senior Independent Non-Executive Director and Chair of Petra’s Remuneration Committee, has purchased 24,755 ordinary shares of 0.05 pence each ("Shares") in the Company at an average price of 80.6 pence per Share. As a result of these trades, Varda Shine now holds 24,755 Shares representing approximately 0.013% of the Company's issued share capital.

	Details of the person discharging managerial responsibilities / person closely associated
	Name	Varda Shine
	Reason for the notification
	Position/status	Senior Independent Non-Executive Director
	Initial notification/Amendment	Initial Notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	Name	Petra Diamonds Limited
	LEI	213800X4QZIAVSA12860
	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
	Description of the Financial instrument, type of instrument Identification code	Ordinary shares of 0.05p per share par value BMG702782084
	Nature of the transaction	Purchase of ordinary shares
	Price(s) and volume(s)	Price(s) Volume(s) 80.6p 24,755
	Aggregated information	24,755 £19,956.28
	Date of the transaction	24 February 2023
	Place of the transaction	London Stock Exchange, Main Market (XLON)

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For further information, please contact:

Petra Diamonds, London    Telephone: [phone]

Patrick Pittaway    [e-mail] Julia Stone

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in three underground producing mines in South Africa (Finsch, Cullinan Mine and Koffiefontein) and one open pit mine in Tanzania (Williamson).

Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base which supports the potential for long-life operations.

Petra strives to conduct all operations according to the highest ethical standards and only operates in countries which are members of the Kimberley Process. The Group aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners and communities.

Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL'. The Group’s loan notes, due in 2026, are listed on the Irish Stock Exchange and admitted to trading on the Global Exchange Market. For more information, visit www.petradiamonds.com.