Petra Diamonds Limited has announced its interim results (unaudited) for the six months to 31 December 2009.

Highlights
• Gross mine revenue up 32% to US$62.4 million (H1 2008: US$47.3 million)
• Group attributable mine revenue¹ up 43% to US$48.4 million (H1 2008: US$33.8 million)
• Profit from mining activity (before depreciation)²: US$8.0 million (H1 2008: US$10.2 million)
• EBITDA3: US$38.1 million after Cullinan fair value adjustment of US$31.0 million (H1 2008: US$6.2 million loss)
• Profit after tax: US$37.9 million (H1 2008: US$88.0 million loss)
• Fund raising of US$120 million completed December 2009
• Increase of direct ownership in the Cullinan mine from 37% to 74%
• Cash position at 31 December 2009 of US$65.0 million (H1 2008: US$10.5 million)

Johan Dippenaar, Chief Executive Officer, comments: "These strong trading results demonstrate that Petra Diamonds has made significant progress during the period, with increased diamond production in a rough diamond market that continues to strengthen. The Company is in a robust financial position, combining profitable mining operations with a well-capitalised balance sheet. Our priority now is to deliver on our core objective to expand production at each mining asset, taking annual production from one million to over three million carats, and further enhance our profile as the unique growth opportunity in the diamond sector".

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