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")


         TR-1: Standard form for notification of major holdings

1. Issuer Details
 ISIN
 GG00BG0KTL52
 Issuer Name
 GEMFIELDS GROUP LIMITED
 UK or Non-UK Issuer
 UK
2. Reason for Notification
 An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
 Name
 Ninety One UK Ltd
 City of registered office (if applicable)


 Country of registered office (if applicable)
 GB
4. Details of the shareholder
 Full name of shareholder(s) if different from the person(s)
 subject to the notification obligation, above


 City of registered office (if applicable)


 Country of registered office (if applicable)


5. Date on which the threshold was crossed or reached
 27-Jul-2023
6. Date on which Issuer notified
 31-Jul-2023
7. Total positions of person(s) subject to the notification
obligation
                                               % of voting
                            % of voting        rights through
                                                                     Total of both   Total number of
                            rights attached    financial
             .                                                       in % (8.A +     voting rights
                            to shares (total   instruments
                                                                     8.B)            held in issuer
                            of 8.A)            (total of 8.B 1 +
                                               8.B 2)

  Resulting
  situation on the
  date on which
                              4.970500          0.000000              4.970500        60870685
  threshold was
  crossed or
  reached

  Position of
  previous
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
                      Number of
Class/Type of                          Number of indirect                        % of indirect
                      direct voting                           % of direct voting
shares ISIN                            voting rights                             voting rights
                      rights                                  rights (DTR5.1)
code(if possible)                      (DTR5.2.1)                                (DTR5.2.1)
                      (DTR5.1)

GG00BG0KTL52            0                60870685                  0.000000          4.970500

Sub Total 8.A           60870685                                   4.970500%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                          Number of voting rights that
                                                                                             % of
Type of financial    Expiration Exercise/conversion       may be acquired if the
                                                                                             voting
instrument           date       period                    instrument is
                                                                                             rights
                                                          exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of                                                                                    % of
                 Expiration   Exercise/conversion      Physical or cash    Number of
financial                                                                                  voting
                 date         period                   settlement          voting rights
instrument                                                                                 rights
Sub Total 8.B2

9. Information in relation to the person subject to the
notification obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add
additional rows as necessary)
                                                      % of voting rights
                                 % of voting rights
                                                      through financial     Total of both if it
                   Name of       if it equals or is
Ultimate                                              instruments if it     equals or is higher
                   controlled    higher than the
controlling person                                    equals or is higher   than the notifiable
                   undertaking   notifiable
                                                      than the notifiable   threshold
                                 threshold
                                                      threshold

                    Ninety
                    One
  Ninety One
                    Africa
  Limited
                    (Pty)
                    Limited

                    Ninety
  Ninety One
                    One (SA)
  Africa (Pty)                     4.970500             0.000000              4.970500%
                    Pty
  Limited
                    Limited

10. In case of proxy voting
 Name of the proxy holder


 The number and % of voting rights held


 The date until which the voting rights will be held


11. Additional Information
 Ninety One originally increased our holding above the 5% UK
 disclosure threshold on 25/04/2019. However, as Gemfields Group Ltd
 did not list on LSE until after this date, we were never required to
 disclose threshold crossing this to the market.
12. Date of Completion
 31-Jul-2023
13. Place Of Completion
 London


 1 August 2023
 Sponsor

 Investec Bank Limited