Month

November 2022

Results of Extraordinary General Meeting

Shareholders are advised that the Company’s Extraordinary General Meeting (“EGM”) was held today, Wednesday 30 November 2022, pursuant to which the Company sought shareholder approval for a general share buy-back programme of up to USD 10 million (the “Share Buy-Back”).

PDMR Dealing, Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 2,607,767 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by group employees and Kartikeya Parikshya (a person discharging managerial responsibilities, or “PDMR”).

Issue of Equity and Total Voting Rights update

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 860,650 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by group employees.

Emerald Auction Results

Gemfields is pleased to announce the results of an emerald auction comprising a series of 5 sequential mini-auctions held during the period 30 October – 17 November 2022. The auction contained a selection of grades that are typically offered at Kagem Mining Ltd’s (“Kagem”) auctions of higher quality emeralds. In addition, the auction included a 37kg special interest piece called the “Kafubu Cluster”.

Issue of Equity and Total Voting Rights update

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 1,170,770 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by group employees.