News and Announcements

Purchase of Shares by Directors

Gemfields Plc (“Gemfields” or “the Company”, Ticker “GEM”) received notification on 18 March 2011, that on the same day, Mr Sean Gilbertson, Director of the Company, purchased a total of 200,000 of the Company’s ordinary 1p shares at a price of £0.1688 each. This will represent the second purchase of shares by Mr Gilbertson. His total holding after the purchase is approximately 0.09% of the total issued shares of Gemfields.