GEMFIELDS GROUP LIMITED - Issue of Equity and Total Voting Rights update

Issue of Equity and Total Voting Rights update

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")


Issue of Equity and Total Voting Rights update

LONDON, 10 JANUARY 2023

In accordance with AIM Rule 17, shareholders are advised that Gemfields has issued and allotted
1,284,816 new ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") following
the exercise of share options by group employees.

Applications have been made for the new Ordinary Shares to be admitted to trading on AIM and
the JSE, both of which are expected to occur on or around 11 January 2023 ("Admission").

Following Admission there will be 1,212,299,348 Ordinary Shares in issue with each Ordinary
Share carrying the right to one vote. This is also the total voting rights figure which may be used
by shareholders as the denominator for the calculations by which they can determine whether they
are required to notify their interests in, or a change to their interest in the Company.



                                               -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


                                           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
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: 10-01-2023 09:00:00
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