Month

August 2023

Cancellation and De-listing of Treasury Shares and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has cancelled and de-listed 2,729,550 ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”), such shares which were previously held in treasury having been repurchased by the Company pursuant to the share buy-back programme (the “Cancellation”). The Cancellation and de-listing will be complete on 16 August 2023, following completion of requisite approvals and filings.

MRM Signs Second Processing Plant Contract

Gemfields announces that Montepuez Ruby Mining Limitada (“MRM”), in which the Company holds a 75% interest, has entered into a legally binding contract with Consulmet (Africa) Limited (“Consulmet”) to construct an additional processing plant at MRM’s ruby mine in Mozambique.

Notification of major holdings

In compliance with paragraph 3.83(b) of the JSE Listings Requirements and AIM Rule 17, shareholders are advised that Gemfields received formal notification on 3 August 2023 from Rozendal Associate Holdings (“Rational Expectations”) that it, combined with related parties, now holds a total of 142,809,520 ordinary shares in the Company, equivalent to 11.68 per cent of the total issued shares in the Company. Shareholders are advised that Rational Expectations’ shareholding represents 11.69 per cent of the total issued shares in the Company that carry voting rights as at today’s date, as the Company currently holds 2,729,550 treasury shares.

Notification of major holdings

In compliance with paragraph 3.83(b) of the JSE Listings Requirements and AIM Rule 17, shareholders are advised that Gemfields received formal notification on 31 July 2023 from Ninety One UK Limited (“Ninety One”) that it now holds a total of 60,870,685 ordinary shares in the Company, equivalent to 4.97 per cent of the total issued shares in the Company. Shareholders are advised that Ninety One’s shareholding represents 4.98 per cent of the total issued shares in the Company that carry voting rights, as the Company currently holds 2,729,550 treasury shares.