Month

December 2022

Commencement of Share Buy-Back Programme

Gemfields announce today the commencement of a Share Buy-Back Programme to purchase up to USD 10 million worth of ordinary shares of USD 0.00001 each (“Share Buy-Back”) (“Ordinary Shares”), after receiving approval from shareholders on Wednesday 30 November 2022 at an Extraordinary General Meeting (“EGM”).

Issue of Equity and Total Voting Rights update

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 627,300 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by group employees.

Director/PDMR Shareholding

On 30 November 2022, the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 1,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share (as defined below) and 471,377 share options at an exercise price of ZAR2.97 per Ordinary Share.

Ruby Auction Results

Gemfields is pleased to announce the results of a ruby auction held in Bangkok from 21 November – 8 December 2022. The auction contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada’s (“MRM”) auctions of mixed quality rubies.

Issue of Equity and Total Voting Rights update

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 300,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of share options by a group employee.