Holding in Company

Petra Diamonds Ld
04 July 2007


                             Petra Diamonds Limited
                                ('the Company')

                            Significant Shareholding

On 3 July 2007 the Company was notified that following recent purchases Saad
Investments Company Limited now holds 52,790,390 ordinary shares in the Company
representing approximately 29.1% of the Company's ordinary issued share capital.

For further information, please contact:

Louise Goodeve / Samantha Dunning                    Telephone: [phone]
Parkgreen Communications, London


                      This information is provided by RNS
            The company news service from the London Stock Exchange