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MRM

Trading, Corporate & COVID-19 Update

The Company hereby provides a trading and corporate update including in respect of the COVID-19 pandemic. Gemfields’ priority remains the health and wellbeing of its employees, host communities and customers while striving to safeguard the viability and value of the Company. In each of its countries of operation, Gemfields continues to monitor closely the guidance and advice of the relevant authorities.

Monthly Operational Market Update – 30 June 2020

Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 30 June 2020. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé – the iconic luxury brand.

COVID-19 Update: MRM & Corporate

The Company hereby provides a further update on mitigating actions taken in response to the COVID-19 pandemic. The impact of COVID-19 continues to evolve rapidly and it is not yet possible to predict the full extent of the impact on the Company’s operations and revenues. The wellbeing of Gemfields’ employees and host communities continues to remain the Company’s overriding priority and to guide actions undertaken by the Company to navigate the months ahead.

Artisanal miner incursion at Montepuez

The Company announces that the “Maninge Nice 3” mining pit belonging to Montepuez Ruby Mining Limitada (“MRM”, in which Gemfields holds a 75% interest) has experienced a coordinated incursion by approximately 800 artisanal miners, vastly outnumbering the MRM security personnel and Mozambican police present at that location at the time.

Monthly Operational Market Update – 31 December 2019

Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 31 December 2019. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé – the iconic luxury brand.

Singapore Ruby Auction Results

Gemfields is pleased to announce the results of an auction of rough rubies in Singapore from 10 – 14 December 2019. The rough rubies were extracted from the licence held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada.

Singapore Ruby Auction Results

Gemfields is pleased to announce the results of an auction of rough rubies in Singapore from 11 – 15 June 2019. The rough rubies were extracted from the licence, held and operated by Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada.

Increased illegal mining activity in MRM’s concession at Montepuez

Montepuez Ruby Mining (MRM) has observed increasing numbers of illegal miner pit collapse incidents in 2019, resulting in the loss of multiple lives. MRM has responded by providing humanitarian assistance in rescue and recovery operations, as well as increasing on-site signage warning of the dangers of illegal mining and campaigning to raise awareness among the local communities and government officials to assist in tackling the issue.

Cyclone Kenneth

In the wake of tropical cyclone Kenneth, Gemfields confirms that, while regular operations were temporarily affected, there have fortunately been no reported injuries at Montepuez Ruby Mining Lda (MRM), Megaruma Mining Lda (MML) or in the surrounding communities. In addition, there are no reports thus far of any material damage to MRM / MML assets or infrastructure. Our thoughts are with those who have been affected by the cyclone.