PALLINGHURST RESOURCES LIMITED - Pallinghurst pleased with Gemfields R500M record sales from its ruby auction

Pallinghurst pleased with Gemfields’ R500M record sales from its ruby auction

PALLINGHURST RESOURCES LIMITED
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)
(South African external company registration number 2009/012636/10)
Share code on the BSX: PALLRES ISIN: GG00B27Y8Z93
Share code on the JSE: PGL
("Pallinghurst")

Pallinghurst pleased with Gemfields’ R500M record sales from its ruby auction
                                   
Pallinghurst is pleased that Gemfields has announced sales of almost R500 million sales from its higher quality
rough ruby auction in Singapore. The key highlights were:

    -   Auction revenues of US$43.3 million, the highest ever achieved at any Gemfields auction.
    -   Average realised price of US$689 per carat, the highest ever achieved at any Gemfields auction.
    -   In total, 62,936 carats sold.

The two Montepuez auctions held since June 2014 have generated US$76.8 million in aggregate revenues. The
auction revenue of US$43.3 million includes the successful sale of an exceptional 40.23 carat rough ruby from
Montepuez.

Pallinghurst owns a 48% interest in Gemfields.

Guernsey
10 December 2014

Sponsor
Investec Bank Limited

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