August 2020

Disclosure of beneficial interests in securities

In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemfields has received formal notification from Rational Expectations (Pty) Ltd (“Rational”) on 5 August 2020, that Rational and related parties acquired a beneficial interest in the ordinary shares of the Company, such that the total beneficial interest in ordinary shares of the Company held by Rational is now 7.05% of the total issued shares of the Company. Following the acquisition, Rational held a total of 82,371,221 ordinary shares in the Company.

Appointment of Joint Broker

The Company is pleased to announce the appointment of Liberum Capital Limited (“Liberum”) as the Company’s Joint Broker with immediate effect. finnCap will continue to act as the Company’s Nominated Adviser and Joint Broker.