News and Announcements

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.