December 2012

Gemfields plc (AIM: GEM) is pleased to announce that at the general meeting of Fabergé Limited held on 17 December 2012 (“Fabergé General Meeting” and “Fabergé” respectively), Fabergé shareholders approved the merger of Fabergé with Runway SPV, a wholly owned subsidiary of Gemfields (the “Merger”).

Pursuant to the announcement released on 21 November 2012 in relation to Gemfields’ (AIM: GEM) proposed acquisition (the “Proposed Acquisition”) of a 100% interest in Faberge Limited (“Fabergé”), Gemfields confirms that a circular including a notice convening a general meeting of the Company (the “Circular” and the “General Meeting” respectively) was posted to shareholders yesterday.

Gemfields plc (AIM: GEM) announces that it has entered into a conditional agreement (the “Agreement”) to acquire a controlling interest in an additional ruby deposit located adjacent to the Company’s Montepuez ruby mine, in the Montepuez district of the Cabo Delgado province in Mozambique (the “Project”).

On 21 November 2012, your Board announced Gemfields’ proposed acquisition of a 100 per cent. interest in Faberge Limited with a view to creating a globally recognised coloured gemstone champion. Fabergé will provide Gemfields with direct control over a high-end luxury goods retail platform and a global brand with an exceptional heritage.