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, 24 May 2022 On 9 May 2022 the Company announced that Kartikeya Parikshya, a PDMR of the Company, had exercised 942,757 share options at an exercise price of ZAR2.97 per Ordinary Share (as defined below) and 2,000,000 share options at an exercise price of ZAR2.30 per Ordinary Share. In accordance with AIM Rule 17, shareholders are advised that Gemfields has received notice that Mr Parikshya has sold 2,942,757 ordinary shares of USD0.00001 each in the company (“Ordinary Shares”), at an average price of ZAR3.17 per Ordinary Share. Following the above transaction, Mr Parikshya has an interest in 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, we disclose the following additional information: Nature of transaction On market sale of shares Volume weighted average price R3.17 (R3.14 net of transaction costs) Total value of transaction R9,239,828.30 (net of transaction costs but not net of the total exercise costs of the options (R7,399,988.29)) Highest price R3.25 Lowest price R3.10 Nature of interest DIRECT BENEFICIAL Clearance was obtained for the above dealings in securities. -ENDS- Further information on Gemfields Group Limited can be found at: Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey T +44 (0)1481 731 554 gemfieldsgroup.com 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 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 4 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 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 Gemfields Group Limited Page 3 of 4 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) R3.10 to R3.25 2,942,757 d) Aggregated information - Aggregated volume 2,942,757 - Price R3.17 e) Date of the transaction 24 May 2022 f) Place of the transaction London Stock Exchange Gemfields Group Limited Page 4 of 4