GEMFIELDS GROUP LIMITED - Standard form for notification of major holdings.

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")


TR-1: Standard form for notification of major holdings


1. Issuer Details
   ISIN
   GG00BG0KTL52
   Issuer Name
   GEMFIELDS GROUP LIMITED
   UK or Non-UK Issuer
   UK
2. Reason for Notification
   Other
   Comments
   Change in shareholding
3. Details of person subject to the notification obligation
   Name
   Rozendal Associate Holdings
   City of registered office (if applicable)
   Port Louis
   Country of registered office (if applicable)
   Mauritius
4. Details of the shareholder
   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
   05-Oct-2022
6. Date on which Issuer notified
   05-Oct-2022
7. Total positions of person(s) subject to the notification obligation
                                             % of voting
                        % of voting          rights through
                                                                                     Total number of
                        rights attached to   financial            Total of both in
           .                                                                         voting rights held
                        shares (total of     instruments          % (8.A + 8.B)
                                                                                     in issuer
                        8.A)                 (total of 8.B 1 +
                                             8.B 2)

  Resulting
  situation on
  the date on
  which                  9.960000             0.000000             9.960000           120094065
  threshold was
  crossed or
  reached

  Position of
  previous
                         10.030000            0.000000             10.030000
  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 direct    Number of indirect                          % of indirect
                                                                 % of direct voting
shares ISIN         voting rights       voting rights                               voting rights
                                                                 rights (DTR5.1)
code(if possible)   (DTR5.1)            (DTR5.2.1)                                  (DTR5.2.1)

GG00BG0KTL52          91986283               28107782              7.630000           2.330000

Sub Total 8.A         120094065                                    9.960000%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                        Number of voting rights that may      % of
Type of financial   Expiration Exercise/conversion
                                                        be acquired if the instrument is      voting
instrument          date       period
                                                        exercised/converted                   rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according
to (DTR5.3.1R.(1) (b))
Type of
                 Expiration   Exercise/conversion    Physical or cash      Number of         % of voting
financial
                 date         period                 settlement            voting rights     rights
instrument
Sub Total 8.B2

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 rights
                                         % of voting
                                                               through financial     Total of both if it
                                         rights if it equals
Ultimate           Name of controlled                          instruments if it     equals or is higher
                                         or is higher than
controlling person undertaking                                 equals or is higher   than the notifiable
                                         the notifiable
                                                               than the notifiable   threshold
                                         threshold
                                                               threshold

                       Rational
  Kalander
                       Expectations        7.634000              0.000000              7.634000%
  Trust
                       (Pty) Ltd

                       Afrika
  Afrika
                       Avontuur
  Avontuur                                 1.312000              0.000000              1.312000%
                       Kapitaal (Pty)
  Trust
                       Ltd

  Afrika               Beaucourt
  Avontuur             Holdings            0.039000              0.000000              0.039000%
  Trust                (Pty) Ltd

  Kalander             Potdrie (Pty)
                                           0.185000              0.000000              0.185000%
  Trust                Ltd

                       Groenpunt
  Groenpunt
                       Kapitaal            0.234000              0.000000              0.234000%
  Trust
                       Limited

                       Rozendal &
  Vinkel Trust         Associates          0.595000              0.000000              0.595000%
                       Holdings Ltd

10. In case of proxy voting
 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
     The following parties are related to Rational Expectations holding 7.634%
     directly (the party subject to reporting notification) and their respective
     % holdings are as follows:

     1:   Rozendal & Associates Holdings Limited - 0.595%
     2:   Groenpunt Kapitaal Limited - 0.234%
     3:   Potdrie Proprietary Limited - 0.185%
     4:   Afrika Avontuur Kapitaal Proprietary Limited - 1.312%
     5:   Beaucourt Holdings Proprietary Limited - 0.039%
   12. Date of Completion


   13. Place Of Completion
     Cape Town


Sponsor
Investec Bank Limited

6 October 2022

Date: 06-10-2022 04:27:00
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