Enhanced Investments - Financial Portal

Notification of Major Holdings

Published: 2023-08-01 09:00:49 ET

                     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")




Notification of major holdings
LONDON, 1 AUGUST 2023


In compliance with paragraph 3.83(b) of the JSE Listings Requirements and AIM Rule 17,
shareholders are advised that Gemfields received formal notification on 31 July 2023 from Ninety
One UK Limited (“Ninety One”) that it now holds a total of 60,870,685 ordinary shares in the
Company, equivalent to 4.97 per cent of the total issued shares in the Company. Shareholders are
advised that Ninety One’s shareholding represents 4.98 per cent of the total issued shares in the
Company that carry voting rights, as the Company currently holds 2,729,550 treasury shares.

Ninety One’s completed TR-1 form has been released separately.




                                              -ENDS-




               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




   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
                                           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 supplier of responsibly sourced 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 holds
controlling interests in various other gemstone mining and prospecting licenses 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, 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 and has played an important role in the growth of the
global coloured gemstone sector.




Gemfields Group Limited                                                                 Page 2 of 3
                                    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 3 of 3

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.