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Trading Statement

Gemfields Group Limited – Annual General Meeting

Further to the Company’s announcement on 29 April 2022, shareholders should note the following in respect of access to the Company’s Annual General Meeting (“AGM”) to be held on Wednesday 29 June 2022 at 10:00 a.m. (British Summer Time) at The Rubens at the Palace, 39-43 Buckingham Palace Road, London, SW1W 0PS, United Kingdom.

Disclosure of beneficial interests in securities

In compliance with AIM Rule 17, shareholders are advised that Gemfields received formal notification on 31 May 2022 from Rational Expectations Proprietary Limited (“Rational Expectations”) that it, combined with related parties, now hold a total of 118,602,785 ordinary shares in the Company, equivalent to 10.03% of the total issued shares in the Company.

No Change Statement, Notice of AGM and BBEE Annual Compliance Report

Shareholders are informed that Gemfields’ Annual Report for the year ended 31 December 2021 (the “Annual Report”) is now available on the Gemfields website at www.gemfieldsgroup.com.  The Financial Statements contained within the Annual Report contain no modifications to Gemfields’ Audited Annual Results for the year ended 31 December 2021, which were published on both SENS and RNS on 25 March 2022.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 210,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.

Dividend Finalisation

Further to the Company’s announcement on 25 March 2022 containing details of the Special Dividend (“Dividend”) declared by Gemfields, notice is hereby given that the dividend, being a gross dividend of approximately USDc 1.70109 per ordinary share, payable from income reserves, will be converted from United States Dollars (USD) to South African Rand (ZAR) and Great British Pounds (GBP) at the below exchange rates on Thursday, 7 April 2022, obtained from currency conversion transactions the Company entered: JSE shareholders – USD/ZAR 14.7323, equating to a dividend of approximately ZARc 25.06097 per share AIM shareholders – USD/GBP 0.7630, equating to a dividend of approximately GBP pence 1.29785 per share

Record Emerald Auction Results

Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emeralds held in Jaipur, India from 15 March to 1 April 2022. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.

Issue of Equity and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted 1,240,000 new ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) following the exercise of employee share options.
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