July 1, 2015

Competent Persons Report On The Montepuez Ruby Project, Mozambique

SRK Consulting (UK) Limited (SRK) is an associate company of the international group holding company, SRK Global Limited (the SRK Group). SRK has been commissioned by the board of Gemfields Plc (hereinafter also referred to as the “Company” or “Gemfields”) to prepare a Competent Persons’ Report (CPR) on the Montepuez Ruby Project (“Montepuez” or “the Project”) in Mozambique. Montepuez Ruby Mining Lda (“MRM”) is the project operator, and a joint venture between Gemfields and Mwiriti Lda.