Gemfields’ Ethiopia Operations Overrun

Gemfields regrets to advise that on Friday 29th June 2018, a mob estimated at between 300 and 500 persons overran the operations of Web Gemstone Mining plc (“WGM”), an Ethiopian company in which Gemfields holds a 75% interest. The remaining 25% interest belongs to 50 individuals, either individually or through a mining cooperative comprising of local villagers, the majority of which are drawn from the nearby village of Web.