News and Announcements

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.

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.

Gemfields announces that on Thursday 12 October 2023, the Company purchased 737,611 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1495. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Gemfields announces that on Wednesday 11 October 2023, the Company purchased 1,000,000 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.

Gemfields announces that on Tuesday 10 October 2023, the Company purchased 1,000,000 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.

Gemfields announces that on Friday 6 October 2023, the Company purchased 940,722 of its own ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”) at an average price of ZAR3.1497. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.