Gemfields Group Limited (JSE:GML) News - Market Update: Operating Results to 30 June 2022 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") Market Update: Operating Results to 30 June 2022 LONDON, 27 JULY 2022 Gemfields shareholders are advised that the Company has released information about its operating results and financial position up to and including 30 June 2022. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%- owned Montepuez ruby mine and wholly owned Fabergé, the iconic luxury brand. The operating results can be found on the Company’s website at www.gemfieldsgroup.com/investor-update-june- 2022/. Highlights: - Total auction revenues for the six months ending 30 June 2022 of USD 181.2 million, with all three auctions held in the period breaking previous records. - Total auction revenues for the 12 months ending 30 June 2022 of USD 330.3 million, an all-time high. - Cash balance at 30 June 2022 of USD 111.4 million (excludes auction receivables of a further USD 81.1 million). Gross debt balance at 30 June 2022 of USD 29.7 million. - Fabergé: zero cash draw from Gemfields in the six months ending 30 June 2022. In the 12 months ending 30 June 2022, Fabergé’s cash draw was USD 1.5 million. - Cash capital expenditure in the six months ending 30 June 2022 of USD 14.1 million. Shareholders are advised that all figures are unaudited for which the directors assume full responsibility. Gemfields Interim Results for the six months ending 30 June 2022 are expected to be released on 22 September 2022. 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 Scott Mathieson 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: 27-07-2022 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.