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Appointment of Nomad and Broker

The Company announces that it has appointed Liberum Capital Limited (“Liberum”) as Nominated Adviser and Sole Broker with immediate effect. Liberum were previously engaged as the Company’s Joint Broker.

AIM Rule 17 Schedule 2(g) Update

Gemfields announces that the following information is being disclosed pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies. Previous and current directorships and partnerships (held in the past five years and as at the date of the original announcements containing Schedule 2(g) information). The original announcements relate to either the Schedule One Pre-Admission Appendix published on 17 January 2020 (“Schedule One”) or the specific appointment announcement for that director:

Notification of major holdings, Director/PDMR shareholdings

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 1 November 2023 from Assore International Holdings Limited (“Assore”) that it acquired 12,219,181 ordinary shares of USD0.00001 each in Gemfields (“Ordinary Shares”) on 18 October 2023.

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 24 October 2023 from Rozendal Associate Holdings (“Rational Expectations”) that it, combined with related parties, held a total of 156,434,855 ordinary shares in the Company as of 18 October 2023, equivalent to 13.03 per cent of the total issued shares in the Company (excluding treasury shares). Shareholders are advised that Rational Expectations’ shareholding represents 13.41 per cent of the total issued shares in the Company that carry voting rights as at today’s date, as the Company currently holds 55,694,351 treasury shares.

Update on Share Buyback Programme

Following the previously announced purchase of 31,610,735 of the Company’s own ordinary shares of USD0.00001 (“Ordinary Shares”) on Wednesday 18 October 2023, Gemfields announces that as of that date, a total of 55,570,701 Ordinary Shares had been purchased.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Wednesday 18 October 2023, the Company purchased 31,610,735 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at a price of ZAR3.15. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Tuesday 17 October 2023, the Company purchased 3,324,060 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1500. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Monday 16 October 2023, the Company purchased 3,102,845 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1500. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Transaction in Own Shares and Total Voting Rights

Gemfields announces that on Friday 13 October 2023, the Company purchased 1,286,750 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) all at a price of ZAR3.15. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.