Appointment of Director

Petra Diamonds Ld
24 January 2002

For immediate release

PETRA DIAMONDS LIMITED

Appointment of Director

Petra Diamonds Limited is pleased to announce the appointment of Charles
Finkelstein (aged 42) as a Non-Executive Director.

Charles Finkelstein is a member of the Antwerp Diamond Bourse and a director of
Soc. Diamantaire CH Finkelstein & Co NV, one of the world's leading diamond
traders. CH Finkelstein's head office is in Antwerp and the business has been in
existence for more than 100 years.

The following information falls to be disclosed in relation to Charles
Finkelstein in accordance with paragraph F of Schedule 2 of the AIM Rules.

Other Current Directorships

None

Past directorships

None

Charles Finkelstein has no unspent convictions for any indictable offence and
has not been declared bankrupt nor has made any voluntary arrangement with his
creditors.  He has not been a director of a company at the time of or within the
twelve month preceding any receivership, compulsory liquidation, creditors'
voluntary liquidation, administration or voluntary arrangement of that company
or any composition or arrangement with its creditors generally or any class of
its creditors nor has he been a partner in a partnership at the time of or
within the twelve months preceding any compulsory liquidation, administration or
voluntary arrangement of that partners.

He has not had any asset which has been subject to a receivership nor has been
in a partnership at the time of or within the twelve months preceding an asset
of the partnership being subject to a receivership.  He has not been publicly
criticised by any statutory or regulatory authority (including any recognised
professional body) or has been disqualified by a Court from acting as a director
of, or in the management or conduct of the affairs of any company.

24 January 2002



Contact : Will Roberts, Petra Diamonds Limited, 00 2711 460 1784

               Brian Moritz, Grant Thornton, 0870 991 2367



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