GEMFIELDS GROUP LIMITED - MRM Operational Update

MRM Operational 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")




MRM Operational Update
LONDON, 24 OCTOBER 2022


On 20 October 2022, Gemfields updated the market regarding the Cabo Delgado insurgency and
Gemfields’ decision at the time to initiate an evacuation of operational employees and contractors
from Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest.

The evacuation was initiated as an ample precaution due to an attack, attributed to insurgents, on
the morning of Thursday 20 October 2022 on a neighbouring ruby mine located approximately
12km south-east of MRM’s operations. MRM’s security personnel and the Mozambique police
force remained on site at MRM. The Mozambique military arrived at MRM later that day and will
maintain a presence for the foreseeable future.

Key operational personnel have now returned to MRM and basic operations have resumed.
Mining and processing activities are being resumed in phases after giving due consideration to the
threat perceptions in the licence area.

Gemfields and MRM hold the health and safety of their employees and contractors as their highest
priority. MRM remains on a state of high alert and maintains regular dialogue with government
authorities.

                                                -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: 24-10-2022 08:00:00
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