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")




Cancellation and De-listing of Treasury Shares
and Total Voting Rights
LONDON, 20 DECEMBER 2023


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.

Following Cancellation there will be 1,166,695,130 Ordinary Shares in issue, each share carrying
the right to one vote. No Ordinary Shares remain in treasury. 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.




                                                -ENDS-




   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
               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                 Liberum
 (AIM) & BROKER                    Scott Mathieson / John More / Kane Collings / Anake Singh
                                   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 holds controlling interests in various other gemstone mining and prospecting
licences in Zambia, Mozambique, Ethiopia and Madagascar.



Gemfields Group Limited                                                                    Page 2 of 3
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 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 3 of 3