Significant Shareholding

Petra Diamonds Ld
13 October 2006









13 October 2006



                             Petra Diamonds Limited

                                ('the Company')



                            Significant Shareholding





On 12 October 2006 the Company was notified that following recent purchases Saad
Investments Company Limited now hold 26,221,970 ordinary shares in the Company
representing approximately 17.4% 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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