ELKEDRA DIAMONDS NL
                                                            ABN 42 092 334 220

                                                        Level 1, 130 Hay Street

                                                                Subiaco WA 6008

                                              PO Box 8035, Subiaco East WA 6008

                                                     Telephone: +61-8-6380 2855

                                                     Facsimile: +61-8-6380 1644

                                                 E-mail: elkedra@elkedra.com.au

                                                   Web Site: www.elkedra.com.au

27 August 2007

Alternative Investment Market

London UK

Dear Sir/Madam,

RE: CEASING TO BE A SUBSTANTIAL SHAREHOLDER FORM 605

Elkedra Diamonds NL ("Elkedra") has received a notice from Credit Suisse
Holdings (Australia) Ltd and its related bodies corporate who now hold
4,931,765 shares in Elkedra, which means that their percentage interest in the
company has reduced to 4.65% as a result of an increase in Elkedra's issued
share capital and the sale of 200,000 shares.

For and on behalf of the Board


M.D.J. Cozijn

Company Secretary

cc: Directors




END
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