Extraordinary General Meeting Update relating to the Amended Articles of Association of the Company

On 25 May 2018, notice was provided of the upcoming Extraordinary General Meeting of shareholders of the Company to be held at The Old Government House Hotel, St. Ann’s Place, St. Peter Port, Guernsey, GY1 2NU on Tuesday, 26th June 2018 at noon (British Summer Time) (the “Notice”).

The Notice, together with the necessary supporting documentation, detailed the proposed:

• Amendments to the Articles of Association of the Company; and
• Change of the Company’s name from Pallinghurst Resources Limited to Gemfields Group Limited,

and was distributed to shareholders on 25 May 2018. All EGM documents (including proxy forms) can be found at https://35.204.242.187/notice-of-agm-egm-26-june-2018/

The purpose of this announcement is to refer shareholders to the:

1. specific changes to the Articles of Association of the Company, which can be found (in a clean version
   and a tracked version against the existing Articles of Association of the Company) at
   https://35.204.242.187/notice-of-agm-egm-26-june-2018/; and
2. fact that the proposed amended Articles of Association of the Company now also reflects the deletion
   of four unused definitions (‘Company’s Funds’, ‘Independent Valuer’, ‘Key Executives’ and ‘Service
   Agreements’), such deletions which were not included in the Articles of Association accompanying the
   Notice.

The main document pertaining to our EGM can be downloaded below.