December 2012

Result of AGM

Gemfields plc (AIM: GEM) is pleased to announce that at the Annual General Meeting of the Company held earlier today (“AGM”), all resolutions proposed to shareholders were duly passed.

Update: Proposed Acquisition of Faberge Limited

Gemfields plc (AIM: GEM) is pleased to announce that at the general meeting of Fabergé Limited held on 17 December 2012 (“Fabergé General Meeting” and “Fabergé” respectively), Fabergé shareholders approved the merger of Fabergé with Runway SPV, a wholly owned subsidiary of Gemfields (the “Merger”).

Posting of Circular and Notice of General Meeting

Pursuant to the announcement released on 21 November 2012 in relation to Gemfields’ (AIM: GEM) proposed acquisition (the “Proposed Acquisition”) of a 100% interest in Faberge Limited (“Fabergé”), Gemfields confirms that a circular including a notice convening a general meeting of the Company (the “Circular” and the “General Meeting” respectively) was posted to shareholders yesterday.

Acquisition of 75% interest in an additional Mozambican ruby project

Gemfields plc (AIM: GEM) announces that it has entered into a conditional agreement (the “Agreement”) to acquire a controlling interest in an additional ruby deposit located adjacent to the Company’s Montepuez ruby mine, in the Montepuez district of the Cabo Delgado province in Mozambique (the “Project”).

Proposed Acquisition of Faberge Limited

On 21 November 2012, your Board announced Gemfields’ proposed acquisition of a 100 per cent. interest in Faberge Limited with a view to creating a globally recognised coloured gemstone champion. Fabergé will provide Gemfields with direct control over a high-end luxury goods retail platform and a global brand with an exceptional heritage.