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Document Release

Holdings in Company

Gemfields Plc (“Gemfields” or “the Company”, Ticker “GEM”) received notification on 11 December 2009 from Goldrock International Corp. (“Goldrock”) that on 11 December Goldrock disposed of 12,500,957 of the Company’s ordinary 1p shares. Following this transaction, Goldrock has an interest through direct ownership in a total of 12,029,000 shares which represents 3.71% of the ordinary shares of 1p in the Company.

Holdings in Company

Gemfields Plc (“Gemfields” or “the Company”, Ticker “GEM”) received notification on 4 December 2009 from Rox Limited (“Rox”) that on 4 December Rox disposed of 24,529,957 of the Company’s ordinary 1p shares. Following this transaction, Rox has an interest through direct ownership in a total of 196,403,639 shares which represents 60.60% of the ordinary shares of 1p in the Company.

Holdings in Company

Gemfields Plc (“Gemfields” or “the Company”, Ticker “GEM”) received notification on 7 December 2009 from Goldrock International Corp. (“Goldrock”) that on 4 December Goldrock acquired 24,529,957 of the Company’s ordinary 1p shares. Following this transaction, Goldrock has an interest through direct ownership in a total of 24,529,957 shares which represents 7.57% of the ordinary shares of 1p in the Company.

Proposed Acquisition Of Greentop International Inc. and Krinera Group S.A.

As announced by the Company on 18 December 2007, Gemfields has conditionally agreed to purchase from Rox, a company controlled by Pallinghurst Resources, a 75 per cent. interest in Kagem, the holder of the licence for the Kagem Emerald Mine located in the Zambian Fwaya-Fwaya belt adjacent to Gemfields’ existing emerald mining operations and close to its exploration operations. This will be achieved via the purchase from Rox of the entire issued share capital of Greentop and Krinera, the indirect holders of a 75 per cent. interest in Kagem. The consideration for the acquisition of Greentop and Krinera will be satisfied by the issue to Rox of 137,910,340 new Ordinary Shares in Gemfields which, at the Issue Price, implies a...
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