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Document Release

Market Update Quarter to 30 June 2016

Gemfields plc (AIM: GEM) is pleased to present an operational update for the three month period ending 30 June 2016, the fourth quarter of the financial year 2016. All figures are approximate and unaudited. Unless otherwise stated, the term “carats” includes both emerald and beryl in relation to the Kagem emerald mine, and both ruby and corundum in relation to the Montepuez ruby mine.

Kagem Emerald Mine JORC Resource & Reserves Update

Gemfields plc (AIM: GEM), the world’s single largest coloured gemstones mining and marketing company, is pleased to announce the publication of a Competent Persons Report (“CPR”) produced by SRK Consulting (UK) Limited (“SRK”) on the Kagem Emerald Mine (“Kagem” or the “Mine”) in Zambia, which is 75% owned by Gemfields and 25% by the Government of Zambia. The CPR includes Mineral Resource and Ore Reserve estimates and accompanying statements prepared in accordance with JORC Code (2012) based on an extended life of mine (“LoM”) plan prepared by Gemfields and SRK.

Competent Persons Report On The Kagem Emerald Mine, Zambia

SRK Consulting (UK) Limited (SRK) is an associate company of the international group holding company, SRK Global Limited (the SRK Group). SRK has been commissioned by the board of Gemfields Resources Plc (hereinafter also referred to as the “Company” or “Gemfields”) to prepare a Competent Persons’ Report (CPR) on the on the Kagem Emerald Mine (the Mine) in Zambia. Kagem Mining Ltd (Kagem) is the project operator and is 75% owned by Gemfields.

Market Update for Quarter ending 30 June 2015

Gemfields plc (AIM: GEM) presents an operational update for the three month period ending 30 June 2015. All figures are approximate and unaudited. Unless otherwise stated, the term “carats” includes both emerald and beryl in relation to the Kagem emerald mine, and both ruby and corundum in relation to the Montepuez ruby deposit.