News and Announcements

Pallinghurst Resources Limited release of Annual Report and Notice of AGM

Shareholders are informed that Pallinghurst’s Annual Report for the year ended 31 December 2014 (the “Annual Report”) is now available on the Pallinghurst website 35.204.242.187. The Financial Statements contained within the Annual Report contain no modifications to Pallinghurst’s Audited Annual Results for the year ended 31 December 2014 which were published on the Securities Exchange News Services of the JSE Limited on 23 March 2015.

Results – Singapore Rough Ruby Auction

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly higher quality rough ruby extracted by Montepuez Ruby Mining Limitada (which is 75% owned by Gemfields and 25% by local partners Mwiriti Limitada) from the Montepuez ruby deposit (“Montepuez”) in Mozambique. The auction was held in Singapore from 16 to 21 June 2015.

Changes to the Board

Shareholders are advised that Mr Brian O’Mahoney has resigned as Permanent Alternate to Mr Stuart Platt‐ Ransom, effective 12 May 2015. The Board would like to thank Brian for his contribution to Pallinghurst in his role as an Alternate Director.

Appointment of adviser

Gemfields (AIM: GEM) is pleased to announce the appointment of Macquarie Capital (Europe) Limited as a joint corporate broker alongside J.P. Morgan Cazenove and BMO Capital Markets Limited.

Jaipur Auction Results

Gemfields plc (AIM: GEM) is pleased to announce the results of its auction of predominantly lower quality rough ruby and corundum extracted by Montepuez Ruby Mining Limitada (in which Gemfields has a 75% interest) from the Montepuez ruby deposit in Mozambique. The auction was held in Jaipur, India from 17 to 22 April 2015.