News and Announcements

Issue of Equity

Gemfields plc (AIM: GEM) announces that further to the consideration payable in relation to the acquisition of a controlling interest in the Montpuez ruby licences, the Company has applied for 1,049,990 ordinary shares of 1 pence each in the Company (“Ordinary Shares”) to be admitted to trading on AIM (“Admission”). It is expected that Admission will become effective and that dealings will commence in these Ordinary Shares at 7.00 a.m. on 6 July 2012.