Day

April 11, 2025

Proposed Rights Issue Circular and EGM Notice

Gemfields Group Limited (“Gemfields” or the “Group” or the “Company”) announces it is seeking shareholder approval to, amongst other things, issue 556,203,396 New Shares to raise approximately USD30 million by way of a fully committed and underwritten Rights Issue (the “Proposed Rights Issue”).

Audited 2024 Annual Report Released

Gemfields announces the publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2024 (“2024 Annual Report”). The content of this short form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short form announcement represents a summary of the information contained in the Annual Report and does not contain full or complete details of the financial results.