Last checked at 8 Sep 2008 07:00
| 8 September 2008 | AIM: PDL |
Petra Diamonds Limited
("the Company")
Significant Shareholding
The Company was notified on 5 September 2008 that following recent purchases Saad Investments Company Limited now holds 66,261,722 ordinary shares in the Company representing approximately 36.0% 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: +44 (0) 20 7318 0452 |
| Petra Diamonds, London | cathym@petradiamonds.com |
| Adrian Hadden | Telephone: +44 (0) 20 7523 8000 |
| Collins Stewart, London |
or visit Petra Diamonds at www.petradiamonds.com
~ Ends ~