News and Announcements

Rox Limited Holdings in Company

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.

Change of Broker

As a result of the acquisition by J.P. Morgan of the shares in J.P. Morgan Cazenove Limited it did not already own, J.P. Morgan Securities Ltd. (which conducts its UK investment banking business as J.P. Morgan Cazenove) has been appointed as Joint Broker to the Company with immediate effect, replacing J.P. Morgan Cazenove Limited.