News and Announcements

Gemfields Plc (“Gemfields” or the “Company”) (AIM: GEM) announces it will be holding the Company’s Annual General Meeting on 21 December 2010 at 10:00 am (UK time) at the Company’s offices: 8th Floor, 54 Jermyn Street, London, SW1Y 6LX, UK. The Notice of Meeting was posted to shareholders on 29 November 2010 (attached herewith).

Gemfields PLC (“Gemfields” or “the Company”, Ticker “GEM”) is pleased to present an operational update for the three month period ending 30 September 2010. All figures are unaudited.

Consolidated financial statements of Gemfields PLC (“Gemfields” or “the Company”), formerly Gemfields Resources PLC, for the financial year ended 30 June 2010.

Gemfields Plc (“Gemfields” or “the Company”, Ticker “GEM”) received notification on 15 April 2010 from Rox Limited (“Rox”) that on 18 March 2010 Rox purchased 4,250,000 of the Company’s ordinary 1p shares at a price of 5p each. This notification replaces the incorrect notification that was received on 22 March 2010.