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") PDMR Shareholdings LONDON, 4 JANUARY 2024 On 14 December 2023, the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 471,377 share options at an exercise price of ZAR2.97 per ordinary share of USD0.00001 each in the company (“Ordinary Shares”). In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that Mr Parikshya has sold 471,377 Ordinary Shares, at an average price of ZAR2.97 per Ordinary Share. Following the above transaction, Mr Parikshya owns 45,000 Ordinary Shares, representing 0.004 per cent of the Company. In compliance with Rules 3.63 – 3.74 of the JSE Listings Requirements, the Company discloses the following additional information: Nature of transaction On market sale of shares Volume weighted average price ZAR2.97 Total value of transaction ZAR1,398,906.85 (excluding the total exercise costs of the 471,377 options at ZAR2.97) Highest price ZAR3.00 Lowest price ZAR2.90 Nature of interest DIRECT BENEFICIAL Clearance was obtained for the above dealings in securities. 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 pursuant to Article 19(1) of Regulation (EU) No. 596/2014 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kartikeya Parikshya 2 Reason for the notification a) Position/status PDMR b) Initial notification Initial Notification /Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Gemfields Group Limited b) LEI 21380017GAVXTCYS5R31 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial Ordinary Shares of USD0.00001 each instrument, type of instrument Identification code ISIN: GG00BG0KTL52 b) Nature of the transaction Sale of Ordinary Shares c) Price(s) and volume(s) Price(s) Volume(s) ZAR 2.97 471,377 d) Aggregated information - Aggregated volume 471,377 - Price ZAR 2.97 e) Date of the transaction 19 December 2023 f) Place of the transaction Johannesburg Stock Exchange Gemfields Group Limited Page 2 of 4 -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 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 Gemfields Group Limited Page 3 of 4 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’ 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 4 of 4