GEMFIELDS GROUP LIMITED - TR-1: Standard form for notification of major holdings

TR-1: Standard form for notification of major holdings

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")


LONDON, 31 MARCH 2021


TR-1: Standard form for notification of major holdings


1. Issuer Details
   ISIN
   GG00BG0KTL52
   Issuer Name
   GEMFIELDS GROUP LIMITED
   UK or Non-UK Issuer
   Non-UK
2. Reason for Notification
   An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
   Name
   FIL Limited
   City of registered office (if applicable)
   Hamilton
   Country of registered office (if applicable)
   Bermuda
4. Details of the shareholder
   Is the shareholder the same as the person subject to the
   notification obligation, above?
   Yes
   Full name of shareholder(s) if different from the person(s)
   subject to the notification obligation, above


   City of registered office (if applicable)


   Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
   29-Mar-2021
6. Date on which Issuer notified
   30-Mar-2021
7. Total positions of person(s) subject to the notification
   obligation
                             % of voting
                                             % of voting rights   Total of
                             rights                                           Total number of
                                             through financial    both in %
                .            attached to                                      voting rights held in
                                             instruments (total   (8.A +
                             shares (total                                    issuer
                                             of 8.B 1 + 8.B 2)    8.B)
                             of 8.A)

  Resulting
  situation on the
  date on which
                              10.92           0.07                 10.99        128,539,168
  threshold was
  crossed or
  reached

  Position of
  previous
                              11.00           0.00                 11.00
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which
   the threshold was crossed or reached
8A. Voting rights attached to shares
CLASS/TYPE OF         NUMBER OF                                   % OF DIRECT
                                    NUMBER OF INDIRECT                           % OF INDIRECT
SHARES ISIN           DIRECT VOTING                               VOTING
                                    VOTING RIGHTS                                VOTING RIGHTS
CODE(IF               RIGHTS                                      RIGHTS
                                    (DTR5.2.1)                                   (DTR5.2.1)
POSSIBLE)             (DTR5.1)                                    (DTR5.1)

GG00BG0KTL52            0               127,707,887                0.00            10.92

Sub Total 8.A           127,707,887                                10.92%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                     NUMBER OF VOTING
TYPE OF                                              RIGHTS THAT MAY BE                   % OF
                      EXPIRATION EXERCISE/CONVERSION
FINANCIAL                                            ACQUIRED IF THE                      VOTING
                      DATE       PERIOD
INSTRUMENT                                           INSTRUMENT IS                        RIGHTS
                                                     EXERCISED/CONVERTED
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
TYPE OF                                            PHYSICAL OR            NUMBER OF     % OF
                    EXPIRATION EXERCISE/CONVERSION
FINANCIAL                                          CASH                   VOTING        VOTING
                    DATE       PERIOD
INSTRUMENT                                         SETTLEMENT             RIGHTS        RIGHTS

CFD                                                      Cash              831,281      0.07
   Sub Total 8.B2                                                         831,281       0.07%

   9. Information in relation to the person subject to the
      notification obligation
    2. Full chain of controlled undertakings through which the voting rights
    and/or the financial instruments are effectively held starting with the
    ultimate controlling natural person or legal entities (please add
    additional rows as necessary)
                                           % of voting       % of voting rights
                                                                                   Total of both if
                                           rights if it      through financial
                                                                                   it equals or is
   Ultimate           Name of controlled   equals or is      instruments if it
                                                                                   higher than the
   Controlling Person undertaking          higher than the   equals or is higher
                                                                                   notifiable
                                           notifiable        than the notifiable
                                                                                   threshold
                                           threshold         threshold

                       FIL
     FIL Limited       Investments           10.92             0.07                  10.99
                       International

   10. In case of proxy voting
     Is there proxy voting?
     No
     Name of the proxy holder



     The number and % of voting rights held


     The date until which the voting rights will be held



   11. Additional Information



   12. Date of Completion
     30/03/2021
   13. Place Of Completion
     Dublin, Ireland


Sponsor
Investec Bank Limited

Date: 31-03-2021 11:30:00
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