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December 20, 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 55,694,351 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 which completed on 20 October 2023 (the “Cancellation”). The Cancellation and de-listing will be complete on 21 December 2023, following completion of requisite approvals and filings.