Petra Diamonds Regulatory News (PDL)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

PETRA DIAMONDS LTD

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

×

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation:

T.Rowe Price Associates, Inc.

4. Full name of shareholder(s)  (if different from 3.):

JP Morgan Chase

State Street Bank & Trust Co

Northern Trust Co.

Bank of New York Mellon Bank, N.A

5. Date of the transaction and date onwhich the threshold is crossed orreached:

27 January 2015

6. Date on which issuer notified:

29 January 2015

7. Threshold(s) that is/are crossed orreached:

10%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

50,435,006

49,597,432

52,702,223

51,804,870

10.05%

BMG702781094

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

51,804,870

10.05%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

T.Rowe Price Associates, Inc. (TRPA) serves as investment adviser, with dispositive and voting authority, to various institutional clients that own shares of Petra Diamonds Ltd., including the T.Rowe Price New Era Fund, Inc., which owns 15,427,283 shares. Such shares are registered in the following name(s):

JP Morgan Chase - 5,578,864

State Street Bank & Trust Co.- 41,766,332

Northern Trust & Co. - 722,831

Bank of New York Mellon Bank, N.A. - 3,736,843

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

Ryan Nolan, Vice President & Senior Legal Counsel

T.Rowe Price Associates, Inc.

15. Contact telephone number:

001 410 345 6618

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

T.Rowe Price Associates, Inc.

Contact address

(registered office for legal entities)

100 East Pratt Street, Baltimore, MD 21202

Phone number & email

001 410 345 6618

Ryan_Nolan@troweprice.com

Other useful information

(at lease legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g functional relationship with the person or legal entity subject to the notification of obligation)

C: Additional information