Month

April 2019

Director’s dealings

In compliance with paragraph 3.63 – 3.66 of the JSE Listings Requirements, the following information is disclosed by the Company:

Amended Proxy Forms for 2019 AGM

Gemfields wishes to advise that, in relation to its Annual General Meeting (“AGM”) to be held on 10th May 2019 at 10 a.m. (BST), the proxy forms originally sent to shareholders on 10th April 2019 inadvertently omitted two non-binding advisory votes shown on the Notice of AGM, as follows: Endorsement of the Company’s Remuneration Policy; and Endorsement of the Company’s Remuneration Implementation Report.

Cyclone Kenneth

In the wake of tropical cyclone Kenneth, Gemfields confirms that, while regular operations were temporarily affected, there have fortunately been no reported injuries at Montepuez Ruby Mining Lda (MRM), Megaruma Mining Lda (MML) or in the surrounding communities. In addition, there are no reports thus far of any material damage to MRM / MML assets or infrastructure. Our thoughts are with those who have been affected by the cyclone.

Director’s dealings

In compliance with paragraph 3.63 – 3.66 of the JSE Listings Requirements, the following information is disclosed by the Company:

Disclosure of beneficial interests in securities

In compliance with paragraph 3.83(b) of the JSE Listings Requirements, the Company hereby discloses the acquisition of a beneficial interest of 0.1226% in the Company’s securities by Investec Limited (“Investec”). The acquisition resulted in Investec’s percentage holding in the Company’s securities increasing from 4.9538% to 5.0764%. Following the acquisition, Investec held a total of 72,677,822 ordinary shares in the Company.

Conditional Sale of Shares in Jupiter Mines Ltd (“Jupiter”) and Intention to Declare Special Dividend

The Board of Directors of Gemfields (the “Board”) is pleased to announce that it has entered into a conditional sale and purchase agreement with AMCI Euro Holdings B.V. (“AMCI”), pursuant to which Gemfields (through its wholly owned subsidiary, Pallinghurst Consolidated (Cayman) Ltd (“PCCL”)) has agreed to sell, and AMCI has agreed to purchase, 145,845,372 ordinary shares (the “Transaction”) in ASX-listed Jupiter (the “Jupiter Shares”), such shares constituting Gemfields’ entire remaining holding in Jupiter following its participation in Jupiter’s IPO last year.

No Change Statement, posting of the Notice of AGM & Annual Results and B‐ BBEE Annual Compliance Report

Shareholders are informed that Gemfields’ Annual Report for the year ended 31 December 2018 (the “Annual Report”) is now available on the Gemfields website staging-micidinu.kinsta.cloud. The Financial Statements contained within the Annual Report contain no modifications to Gemfields’ Audited Annual Results for the year ended 31 December 2018 which were published on the Securities Exchange News Service of the JSE Limited on 25 March 2019.

Monthly Operational Market Update – 31 December 2018

Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 31 December 2018. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé – the iconic luxury brand.

Modern Slavery and Human Trafficking Statement

This Statement is made pursuant to section 54 of the Modern Slavery Act 2015 (the “Act”) and covers the financial year ending 31st December 2018. It provides an explanation of the steps that Gemfields Group Limited and its subsidiaries (“Gemfields” or “we”) take to combat the potential for modern slavery and human trafficking to occur in its business and supply chains.