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")




Director/PDMR Shareholding
LONDON, 19 OCTOBER 2022


As previously disclosed in the Company’s Annual Report for the year ended 31 December 2021,
Sean Gilbertson, an executive director, held an indirect shareholding in the Company’s shares via
a non-controlling interest in Pallinghurst Resources Management L.P.. On 18 October 2022,
1,515,326 shares in the Company were transferred, off market, at a cost of 14.32 pence per share,
to Sean Gilbertson who now holds those shares directly in his own name.


Following the above transaction, Sean Gilbertson owns 11,970,285 Ordinary Shares, representing
0.99 per cent of the Company.


      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                        Sean Gilbertson

 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



      Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                        T +44 (0)1481 731 554
                                           gemfieldsgroup.com
 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          Acquisition of Ordinary Shares

 c)   Price(s) and volume(s)
                                          Price(s)                Volume(s)
                                          GBp 14.32               1,515,326

 d) Aggregated information
      - Aggregated volume              1,515,326

      - Price                          GBp 14.32
 e)   Date of the transaction          18 October 2022



 f)   Place of the transaction         Off market transaction




                                              -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                                                          Page 2 of 4
                                          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 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




Gemfields Group Limited                                                                Page 3 of 4
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