Significant Shareholder

Petra Diamonds Ld
04 July 2006



                             Petra Diamonds Limited
                                ('the Company')

                           Significant Shareholding



On 3 July 2006 the Company was notified that following recent purchases Saad
Investments Company Limited now hold 18,678,487 ordinary shares in the Company
representing approximately 12.55% 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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