GEMFIELDS GROUP LIMITED - Proposed Sale of Stake in Sedibelo Platinum

Proposed Sale of Stake in Sedibelo Platinum

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")


Proposed Sale of Stake in Sedibelo Platinum

LONDON, 13 NOVEMBER 2020


Gemfields Group Limited (“Gemfields”) announces that it has commenced a sale process for its
23.65% equity holding in Pallinghurst Ivy Lane Capital S.à r.l, a company incorporated in
Luxembourg (“Ivy Lane”).

Ivy Lane in turn owns 27.64% of Sedibelo Platinum Mines Limited (“SPM”) giving Gemfields an
effective and indirect interest in SPM of approximately 6.54%. As previously announced, SPM is
not considered a core part of Gemfields’ strategy.

SPM is a public (unlisted) company incorporated in Guernsey and owns and operates the
Pilanesburg Platinum Mines located in South Africa’s Bushveld Igneous Complex. In its financial
year ending 31 December 2019, SPM dispatched and sold approximately 127,000 4E ounces
(comprising platinum, palladium, rhodium and gold) and generated EBITDA of approximately
USD 13 million. More information about SPM can be found at www.sedibeloplatinum.com

Interested parties should contact Liberum Capital Limited, who have been appointed by Gemfields
to manage the sale.

                                                


   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
              Further information on Gemfields Group Limited can be found at:
                              GEMFIELDSGROUP.COM


                          To join our investor mailing list, contact us on:
                                companysecretary@gemfields.com


                           For any press enquiries please contact us on:
                                    gemfields@camarco.co.uk

ENQUIRIES




 GEMFIELDS
                                   Sean Gilbertson / David Lovett / Mark Lawrie
                                   T: +44(0) 20 7518 3400


 SPONSOR (JSE)
                                   Investec Bank Limited


 SEDIBELO SALE PROCESS
                                   Liberum

                                   Nehal Patel

                                   T: +44(0) 20 3100 2222


 NOMINATED ADVISER
                                   finnCap
 (AIM) & JOINT BROKER
                                   Christopher Raggett / Tim Redfern / Edward Whiley
                                   T: +44(0) 20 7220 0500


 JOINT BROKER
                                   Liberum
                                   Clayton Bush / Scott Mathieson / Kane Collings
                                   T: +44(0) 20 3100 2222


 FINANCIAL PR/ IR
                                   Camarco
                                   Gordon Poole / Jennifer Renwick / Nick Hennis
                                   T: +44(0) 20 3757 4980


                                                           
ADDITIONAL INFORMATION ON GEMFIELDS

Gemfields is a world-leading supplier of responsibly sourced 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 licenses 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, 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 and has played an important role in the growth of the
global coloured gemstone sector.






Date: 13-11-2020 09:00:00
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