News and Announcements

Auction Results – Commercial Quality Emeralds

Gemfields is pleased to announce the results of an auction comprised of commercial quality rough emeralds held during the period 5 – 22 March 2024. Highlights: March 2024 – Commercial Quality Emerald Auction Total auction revenues of USD 17.1 million 43 lots were offered for sale, of which 40 were sold (93%) Average price of USD 4.45 per carat The 47 auctions of Kagem gemstones held since July 2009 have generated USD 1,006 million in total revenues, reaching the USD 1 billion mark

Audited 2023 Annual Report Released, Dividend Announced and Board Role Changes

Gemfields is pleased to announce publication of the Company’s audited Annual Report and Accounts for the year ending 31 December 2023 (“2023 Annual Report”). The content of this short form announcement is the responsibility of the board of directors of the Company. Shareholders are advised that this short form announcement represents a summary of the information contained in the Annual Report and does not contain full or complete details of the financial results.

Operational Update up to 31 December 2023

Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the six months ended 31 December 2023. These unaudited 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. The full operational results can be found at this link: https://www.gemfieldsgroup.com/operational-update/.

PDMR Shareholdings

On 14 December 2023, the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 471,377 share options at an exercise price of ZAR2.97 per ordinary share of USD0.00001 each in the company (“Ordinary Shares”).

Cancellation and De-listing of Treasury Shares and Total Voting Rights

In accordance with AIM Rule 17, shareholders are advised that Gemfields has cancelled and de-listed 55,694,351 ordinary shares of USD0.00001 each in the Company (“Ordinary Shares”), such shares which were previously held in treasury having been repurchased by the Company pursuant to the share buy-back programme which completed on 20 October 2023 (the “Cancellation”). The Cancellation and de-listing will be complete on 21 December 2023, following completion of requisite approvals and filings.
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