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Update regarding Cabo Delgado insurgency: neighbouring ruby mine attacked, MRM evacuation plan initiated

Published: 2022-10-20 12:40:31 ET

                       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")




Update regarding Cabo Delgado insurgency:
neighbouring                      ruby             mine                attacked,         MRM
evacuation plan initiated
LONDON, 20 OCTOBER 2022


Following an update on 30 August 2022, in which Gemfields announced increased vigilance
regarding the Cabo Delgado insurgency, the Company wishes to report further developments.

This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby
mine belonging to Gemrock, which lies approximately 12km south-east of the operations of
Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest. Details of
the attack are being verified.

As a consequence, MRM has initiated the process of evacuating operational employees and
contractors, and therefore mining operations at the site have ceased. Security personnel and
Mozambique police force remain on site and Mozambique military are arriving on site.

Gemfields and MRM hold the health and safety of their employees and contractors as their highest
priority and remain in regular contact with government authorities. We will keep the market
updated of further developments.




                                                 -ENDS-




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



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

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