Finalisation Announcement Regarding Name Change Pallinghurst Resources Limited (renamed to Gemfields Group Limited as of 26 June 2018) (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") FINALISATION ANNOUNCEMENT REGARDING NAME CHANGE Shareholders are referred to the SENS released on 26 June 2018, wherein the results of the Extraordinary General Meeting (“EGM”) were announced. Special Resolution number 2 effected the name change from Pallinghurst Resources Limited to Gemfields Group Limited. The new ISIN GG00BG0KTL52, the new JSE share code GML and the name Gemfields Group Limited will commence trading on the 11 July 2018, from a JSE perspective. Shareholders are reminded of the below dates as disclosed in the EGM document distributed: 2018 Last day to trade regarding name change; Tuesday, 10 July Change of name commences trading under the new ISIN number and JSE code ; Wednesday, 11 July Record date regarding name change; Friday, 13 July Issue to certificated shareholders of new share certificates, posting of share certificates to Monday, 16 July those shareholders who have submitted their share certificates and surrender forms on or before 11am (12pm SA time) on the record date. Certificates and surrender forms received after 11am (12pm SA time) on the record date will have their new certificates posted within five days of receipt of surrender of forms or certificates. The accounts of dematerialised shareholders at CSDPs and brokers will be updated on; Notes: 1. The above dates and times are subject to change. Any changes will be released on SENS. 2. Shares may not be dematerialised or rematerialised between Wednesday, 11 July 2018 and Friday, 13 July 2018, both days inclusive. Guernsey 3 July 2018 Sponsor Investec Bank Limited Date: 03/07/2018 01:59:00 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.