News and Announcements

Competent Persons Report On The Montepuez Ruby Project, Mozambique

SRK Consulting (UK) Limited (SRK) is an associate company of the international group holding company, SRK Global Limited (the SRK Group). SRK has been commissioned by the board of Gemfields Plc (hereinafter also referred to as the “Company” or “Gemfields”) to prepare a Competent Persons’ Report (CPR) on the Montepuez Ruby Project (“Montepuez” or “the Project”) in Mozambique. Montepuez Ruby Mining Lda (“MRM”) is the project operator, and a joint venture between Gemfields and Mwiriti Lda.

Posting of the Annual Report

Shareholders are informed that the Company’s Annual Report for the year ended 31 December 2014 (the “Annual Report”) has been posted to shareholders today, 30 June 2015.

Changes to the Board

Shareholders are advised that Mr Chris Powell has resigned as Permanent Alternate to Mr Andrew Willis, effective 25 June 2015. The Board would like to thank Chris for his contribution to Pallinghurst in his role as an Alternate Director.

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.