Gemfields Group Limited (JSE:GML) News - Update regarding Cabo Delgado insurgency

GEMFIELDS GROUP LIMITED
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
LONDON, 20 JULY 2022


Following the update of 13 June 2022, regarding the Cabo Delgado insurgency, the Company
wishes to report further developments.

An attack, attributed to insurgent activity on 13 July 2022, occurred at a closer proximity to the
operations of Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75%
interest, than prior incidents. The attack reportedly took place in the Muaja village area, which is
some 30km by road from MRM. A large number of people are reportedly relocating to Nanhupo
and Namanhumbir, where the mining operations are located.

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 as well as closely monitoring
developments. Given recent developments and the associated security review, operations continue
with increased vigilance.

                                             


               Further information on Gemfields Group Limited can be found at:
                                        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


 SEDIBELO SALE PROCESS            Liberum
                                  Nehal Patel
                                  T: +44(0) 20 3100 2222


 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
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




Date: 20-07-2022 08:00:00
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