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GEMFIELDS GROUP LIMITED - Disclosure of beneficial interests in securities

Release Date: 11/06/2020 12:00
Code(s): GML     PDF:  
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Disclosure of beneficial interests in securities

(Incorporated in Guernsey)
(Guernsey registration Number: 47656)
(South African external company registration number 2009/012636/10)
Share code on JSE:GML / AIM:GEM / BSX:GML.BH
ISIN: GG00BG0KTL52      LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Company")

11 June 2020

Disclosure of beneficial interests in securities

In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Gemfields has
received formal notification from Rational Expectations (Pty) Ltd (“Rational”) on 10 June 2020, that Rational and
related parties acquired a beneficial interest in the ordinary shares of the Company, such that the total beneficial
interest in ordinary shares of the Company held by Rational is now 6.22% of the total issued shares of the Company.
Following the acquisition, Rational held a total of 72,754,759 ordinary shares in the Company.

Further information on Gemfields Group Limited can be found at
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 Gemfields                                                Nominated Adviser and Broker (AIM)
 Sean Gilbertson / David Lovett / Mark Lawrie             finnCap
 Tel: +44(0) 20 7518 3400                                 Chris Raggett/ Edward Whiley
                                                          Tel: +44(0) 20 7220 0500

 Sponsor (JSE)                                            IR / Financial PR
 Investec Bank Limited                                    Camarco
                                                          Gordon Poole / Jennifer Renwick / Nick Hennis
                                                          Tel: +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: 11-06-2020 12:00:00
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