Holding in Company

Petra Diamonds Ld
11 January 2007



                             Petra Diamonds Limited
                                ('the Company')

                            Significant Shareholding


On 11 January 2007 the Company was notified that following recent purchases Saad
Investments Company Limited now hold 30,232,970 ordinary shares in the Company
representing approximately 20.06% of the Company's ordinary issued share
capital.


For further information, please contact:


Cathy Malins / Annabel Leather                   Telephone: [phone]
Parkgreen Communications, London



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