Significant Shareholding

RNS Number : 3119G

Petra Diamonds Ld

21 October 2008

 

21 October 2008

AIM: PDL

Petra Diamonds Limited 

('the Company')

Significant Shareholding

The Company was notified today that following recent purchases Saad Investments Company Limited now holds 73,905,430 ordinary shares in the Company, representing approximately 40.1% of the Company's ordinary issued share capital.

Petra Diamonds Limited is a Bermuda registered company and as such is not subject to the Takeover Code and accordingly there is no obligation for a mandatory offer under the Rules of the Takeover Code by any shareholder increasing their holding above 30% of the Company's issued share capital.

For further information, please contact:

Cathy Malins	Telephone: [phone]
Petra Diamonds, London	[e-mail]

Adrian Hadden	Telephone: [phone]
Collins Stewart, London

or visit Petra Diamonds at www.petradiamonds.com

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