Extraordinary General Meeting – Update relating to the Amended Articles of Association of the Company 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 (the "Company") Extraordinary General Meeting – Update relating to the Amended Articles of Association of the Company On 25 May 2018, notice was provided of the upcoming Extraordinary General Meeting of shareholders of the Company to be held at The Old Government House Hotel, St. Ann’s Place, St. Peter Port, Guernsey, GY1 2NU on Tuesday, 26th June 2018 at noon (British Summer Time) (the “Notice”). The Notice, together with the necessary supporting documentation, detailed the proposed: - Amendments to the Articles of Association of the Company; and - Change of the Company’s name from Pallinghurst Resources Limited to Gemfields Group Limited, and was distributed to shareholders on 25 May 2018. All EGM documents (including proxy forms) can be found at https://www.pallinghurst.com/notice-of-agm-egm-26-june-2018/. The purpose of this announcement is to refer shareholders to the: (1) specific changes to the Articles of Association of the Company, which can be found (in a clean version and a tracked version against the existing Articles of Association of the Company) at https://www.pallinghurst.com/notice-of-agm-egm-26-june-2018/; and (2) fact that the proposed amended Articles of Association of the Company now also reflects the deletion of four unused definitions (‘Company’s Funds’, ‘Independent Valuer’, ‘Key Executives’ and ‘Service Agreements’), such deletions which were not included in the Articles of Association accompanying the Notice. Guernsey 8 June 2018 Sponsor Investec Bank Limited Date: 08/06/2018 12:26:00 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.