Option Exercise

31 May 2006 14:07

Petra Diamonds Ld31 May 2006 31 May 2006 Petra Diamonds Limited ("Petra" or "the Company") Exercise of Share Options by a Director Petra announces that on 30 May 2006 Kevin Dabinett exercised options over250,000 shares which had vested in June 2005, the options having an exerciseprice of 54.5 pence per share. As announced on 10 May 2006, Mr Dabinett will be leaving the Company today. Allother options previously granted to him have not yet vested and will lapse inaccordance with the rules of the Petra option plan. - Ends - For further information, please contact: Cathy Malins / Annabel Leather Telephone: +44 (0) 20 7493 3713Parkgreen Communications, London This information is provided by RNS The company news service from the London Stock Exchange