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")




Company Secretary Dealing, Issue of Equity and
Total Voting Rights update
LONDON, 30 JUNE 2022


In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted
1,391,000 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following
the exercise of share options by Toby Hewitt, Gemfields’ Company Secretary and General Counsel.

Toby Hewitt is not a PDMR of the Company. Toby Hewitt exercised 191,000 share options at an
exercise price of ZAR2.97 per Ordinary Share and 1,200,000 share options at an exercise price of
ZAR2.30. Following the above transaction, Toby Hewitt has no interests in any Ordinary Shares.

Applications have been made for the new Ordinary Shares to be admitted to trading on AIM and
the JSE, both of which are expected to occur on or around 1 July 2022 ("Admission").

Following Admission there will be 1,184,747,037 Ordinary Shares in issue with each Ordinary
Share carrying the right to one vote. This is also the total voting rights figure which may be used
by shareholders as the denominator for the calculations by which they can determine whether they
are required to notify their interests in, or a change to their interest in the Company.




   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
Notification of a Transaction in terms of the JSE Listings Requirements

 Name                            Toby Hewitt

 Position                        Company Secretary and General Counsel

 Nature of the                   Exercise of Share Options in respect of Ordinary Shares
 transaction

 Price(s) and volume(s)
                                 Price(s)                     Volume(s)       Total Rand
                                                                              Value of the
                                                                              Share
                                                                              Options
                                 ZAR2.97                      191,000         567,270
                                 ZAR2.30                      1,200,000       2,760,000

 Date of the transaction         30 June 2022
 Clearance obtained              Yes
 Place of the transaction        London Stock Exchange


                                              -ENDS-




              Further information on Gemfields Group Limited can be found at:
                                     GEMFIELDSGROUP.COM




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


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




                                            ENQUIRIES




 GEMFIELDS                          Sean Gilbertson / David Lovett
                                    T: +44(0) 20 7518 3400




Gemfields Group Limited                                                                  Page 2 of 4
 SPONSOR (JSE)                     Investec Bank Limited


 SEDIBELO SALE PROCESS             Liberum
                                   Nehal Patel
                                   T: +44(0) 20 3100 2222


 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 miner of responsible 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 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 Group Limited                                                                Page 3 of 4
                      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