Significant Shareholding

Petra Diamonds Ld
22 March 2006



                             Petra Diamonds Limited

                                ('the Company')

                            Significant shareholding


On the 21st March 2006 the Company was notified that following recent purchases
Saad Investments Company Limited now hold 13,576,595 ordinary shares in the
Company representing approximately 9.1 per cent. of the Company's ordinary
issued share capital.




For further information, please contact:


Parkgreen Communications
Justine Howarth / Annabel Leather
Tel: [phone]






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