Incorporated in Guernsey. Guernsey registration Number: 47656.
                     South African external company registration number 2009/012636/10
                                   Share code on JSE:GML / AIM:GEM
                         ISIN: GG00BG0KTL52 | LEI: 21380017GAVXTCYS5R31
                                      ("Gemfields" or the "Company")




Dividend Finalisation
LONDON, 14 APRIL 2023


Further to the Company’s announcement on 24 March 2023 containing details of the Final
Dividend of USD 35 million (“Dividend”) declared by Gemfields, notice is hereby given that the
dividend, being a gross dividend of USDc 2.87994 per ordinary share, payable from income
reserves, will be converted from United States Dollars (USD) to South African Rand (ZAR) and
Great British Pounds (GBP) at the below exchange rates of Thursday, 13 April 2023, obtained
from currency conversion transactions the Company has entered into:

    •      JSE shareholders – USD/ZAR 18.2519, equating to a dividend of ZARc 52.56438 per
           share
    •      AIM shareholders – USD/GBP 0.7969, equating to a dividend of GBP pence 2.29502 per
           share

The gross dividend of USDc 2.87994 per ordinary share is lower than previously stated in the
annual results announcement from 24 March 2023, as a result of 872,240 new ordinary shares
issued and allocated by Gemfields on 11 April 2023, and 720,000 new ordinary shares which have
been applied for listing with effect from 19 April 2023, following the exercise of share options.
The number of ordinary shares in issue as of 19 April 2023 is due to be 1,215,304,548 shares.

Shareholders are reminded that the relevant dates relating to the payment of the Dividend are as
follows:

                                                                                                    2023
 Last date to effect removal of shares between the UK (AIM) and                          Monday, 24 April
 SA (JSE) registers
 The last day to trade in Gemfields shares in SA in order to qualify                     Monday, 24 April
 to participate in the Dividend
 Shares start trading ‘ex’ dividend in SA                                             Tuesday, 25 April
 The last day to trade in Gemfields shares in UK in order to qualify                Wednesday, 26 April
 to participate in the Dividend
   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
 Shares start trading ‘ex’ dividend in UK                                     Thursday, 27 April
 Record date for participation in the Dividend                                  Friday, 28 April
 Removal of shares between UK and SA registers permissible from                 Tuesday, 2 May
 Payment date                                                                    Friday, 12 May

Share certificates may not be dematerialised or re-materialised between Tuesday, 25 April 2023 and
Friday, 28 April 2023, both days inclusive.


Additional information for South African resident shareholders of Gemfields is noted below:


    •   Tax reference number in (United Kingdom) is 32518 26138.
    •   The issued ordinary share capital of Gemfields is 1,215,304,548 ordinary shares following
        the issuance and subsequent listing with effect from on 19 April 2023.
    •   The dividend paid by Gemfields to South African resident shareholders registered on the
        South African register is subject to South African Dividend Tax (“Dividend Tax”) of 20%
        (subject to any available exemptions as legislated).
    •   Shareholders are advised that Gemfields will not deduct any applicable Dividend Tax at
        source.
    •   Shareholders registered on the South African register who are exempt from paying the
        Dividend Tax will receive a dividend of ZARc 52.56438 per share paid by Gemfields.
        These exempt shareholders are advised to contact their broker or CSDP (Central Securities
        Depository Participant) to confirm their tax status to ensure no Dividend Tax is deducted
        by the regulatory intermediary.
    •   Shareholders registered on the South African register who are not exempt from paying the
        Dividend Tax will receive a net dividend of ZARc 42.05150 per share (gross dividend of
        ZARc 52.56438 per share less Dividend Tax of ZARc 10.51288 per share). These non-
        exempt shareholders are advised to contact their broker or CSDP so that the Dividend
        Tax can be withheld by the regulatory intermediary.
    •   Shareholders who are in doubt as to their tax status or position or any other matter,
        including, inter alia, any exchange control requirement, should consult an appropriate
        independent professional advisor in their relevant jurisdiction without delay.


                                              -ENDS-




Gemfields Group Limited                                                                  Page 2 of 4
               Further information on Gemfields Group Limited can be found at:
                                      GEMFIELDSGROUP.COM




                          To join our investor mailing list, contact us on:
                                        ir@gemfields.com


                           For any press enquiries please contact us on:
                                    gemfields@camarco.co.uk




                                           ENQUIRIES




 GEMFIELDS                         Sean Gilbertson / David Lovett / Ian Hughes
                                   ir@gemfields.com
                                   T: +44(0) 20 7518 3400

 SPONSOR (JSE)                     Investec Bank Limited


 NOMINATED ADVISER                 finnCap
 (AIM) & JOINT BROKER              Christopher Raggett / Tim Redfern / Edward Whiley
                                   T: +44(0) 20 7220 0500


 JOINT BROKER                      Liberum
                                   Scott Mathieson / Kane Collings
                                   T: +44(0) 20 3100 2222


 FINANCIAL PR/ IR                  Camarco
                                   Gordon Poole / Emily Hall
                                   T: +44(0) 20 3757 4980




ADDITIONAL INFORMATION ON GEMFIELDS


Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is
the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the
world’s single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one
of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also




Gemfields Group Limited                                                                  Page 3 of 4
holds controlling interests in various other gemstone mining and prospecting licences in Zambia,
Mozambique, Ethiopia and Madagascar.


Gemfields’ outright ownership of Fabergé - an iconic and prestigious brand of exceptional heritage
- enables Gemfields to optimise positioning, perception and consumer awareness of coloured
gemstones through Fabergé designs, advancing the wider group’s “mine and market” vision.


Gemfields has developed a proprietary grading system and a pioneering auction and trading
platform to provide a consistent supply of coloured gemstones to downstream markets, a key
component of Gemfields’ business model that has played an important role in the growth of the
global coloured gemstone sector.



                                           GEMFIELDS

                          GEMFIELDS.COM | INVESTORS |FOUNDATION

                          INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                            FABERGÉ

               FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                   KAGEM MINING LINKEDIN

                              MONTEPUEZ RUBY MINING LINKEDIN




Gemfields Group Limited                                                                Page 4 of 4