Both resolutions passed at General Meeting – 96% Approval for Gemfields acquisition 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") Both resolutions passed at General Meeting – 96% Approval for Gemfields acquisition Shareholders are advised that at the Company’s General Meeting held on Monday, 26 June 2017, all the resolutions set out in the notice of meeting and proposed at the meeting were passed by the requisite majority of shareholders. Details of the voting results at the General Meeting are as follows: Total issued number of ordinary shares 760,452,631 Total number of shares present/represented including proxies at the meeting (including shares abstained from voting) 518,596,548 Percentage of ordinary shares represented at the meeting 68.20% Resolution proposed For Against Abstain* Special resolution 1: To approve the Pallinghurst Share Plan, Proposed Extension, amended Articles to reflect the new management structure, increase in the amount payable to non-executive directors as fees to a maximum of US$100,000 each and the general 403,707,874 114,844,174 44,500 authority to repurchase up to 152,090,526 Ordinary Shares. 77.85% 22.15% 0.01% Ordinary resolution 1: To approve the takeover offer to be made by or on behalf of Pallinghurst to acquire the total issued and 496,669,799 21,917,249 9,500 to be issued share capital of Gemfields not already owned by Pallinghurst. 95.77% 4.23% 0.00% *Abstentions are represented as a percentage of total issued number of ordinary shares. Guernsey 26 June 2017 Transaction sponsor: UBS Date: 26/06/2017 03:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.