06 Sep - 5 min read

Disclosure of beneficial interests in securities

Disclosure of beneficial interests in securities

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")




Disclosure of beneficial interests in securities
LONDON, 6 SEPTEMBER 2021


In compliance with paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised
that Gemfields has received formal notification from FIL Limited (“Fidelity”) on 6 September
2021, that Fidelity disposed on 3 September 2021 of a beneficial interest in the ordinary shares of
the Company, such that the total beneficial interest in ordinary shares of the Company held by
Fidelity decreased from 10.99% and is now 5.99% of the total issued shares of the Company.
Following the disposal, Fidelity held a total of 69,265,351 ordinary shares in the Company. Fidelity
also holds 831,281 contracts for differences, the equivalent of 0.07% of the total issued shares in
the Company. The number of contracts for differences remains unchanged.

The disposal was conducted as an off-market block trade and online share price services including
the Financial Times reported the trade at ZAR 3.20 per share.

Fidelity’s completed form TR-1 is attached.




                                                -ENDS-




               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

   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554
                                        gemfieldsgroup.com
                                           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
                                   Scott Mathieson / Kane Collings
                                   T: +44(0) 20 3100 2222


 FINANCIAL PR/ IR                  Camarco
                                   Gordon Poole / 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.



                                         GEMFIELDS

                          GEMFIELDS.COM | INVESTORS |FOUNDATION

                          INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                          FABERGÉ

               FABERGÉ.COM | INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE




                                   KAGEM MINING LINKEDIN

                              MONTEPUEZ RUBY MINING LINKEDIN



             TR-1: Standard form for notification of major holdings

     1. Issuer Details

      ISIN
       GG00BG0KTL52

      Issuer Name
       GEMFIELDS GROUP LIMITED

      UK or Non-UK Issuer
       Non-UK

     2. Reason for Notification

       An acquisition or disposal of voting rights

     3. Details of person subject to the notification obligation

      Name
       FIL Limited

      City of registered office (if applicable)
       Hamilton

      Country of registered office (if applicable)
       Bermuda

     4. Details of the shareholder

       Full name of shareholder(s) if different from the
       person(s) subject to the notification obligation, above


       City of registered office (if applicable)


       Country of registered office (if applicable)


     5. Date on which the threshold was crossed or reached

       03-Sep-2021

     6. Date on which Issuer notified

       06-Sep-2021



     7. Total positions of person(s) subject to the notification
     obligation
                                             % of voting
                             % of voting
                                             rights through
                             rights                            Total of      Total number of
                                             financial
               .             attached to
                                             instruments
                                                               both in %     voting rights held
                             shares (total                     (8.A + 8.B)   in issuer
                                             (total of 8.B 1
                             of 8.A)
                                             + 8.B 2)

       Resulting
       situation on
       the date on
       which                      5.92%             0.07%         5.99%        70,096,632
       threshold was
       crossed or
       reached

       Position of
       previous
                                10.92%              0.07%        10.99%
       notification (if
       applicable)

     8. Notified details of the resulting situation on the date on
     which the threshold was crossed or reached

     8A. Voting rights attached to shares
                          Number of
     Class/Type of                        Number of indirect     % of direct   % of indirect
                          direct voting
     shares ISIN                          voting rights          voting rights voting rights
                          rights
     code(if possible)                    (DTR5.2.1)             (DTR5.1)      (DTR5.2.1)
                          (DTR5.1)

      GG00BG0KTL52                              69,265,351                            5.92%

     Sub Total 8.A                              69,265,351                            5.92%

     8B1. Financial Instruments according to (DTR5.3.1R.(1)
     (a))
                                                      Number of voting rights that
                                                                                   % of
     Type of financial Expiration Exercise/conversion may be acquired if the
                                                                                   voting
     instrument        date       period              instrument is
                                                                                   rights
                                                      exercised/converted




     Sub Total 8.B1



     8B2. Financial Instruments with similar economic effect
     according to (DTR5.3.1R.(1) (b))
     Type of                                      Physical or                        % of
                   Expiration Exercise/conversion                   Number of
     financial                                    cash                               voting
                   date       period                                voting rights
     instrument                                   settlement                         rights

      CFD                                           Cash               831,281          0.07%

     Sub Total
                                                                       831,281          0.07%
     8.B2


     9. Information in relation to the person subject to the
     notification obligation

     2. Full chain of controlled undertakings through which the voting
     rights and/or the financial instruments are effectively held
     starting with the ultimate controlling natural person or legal
     entities (please add additional rows as necessary)
                                                             % of voting rights
                                            % of voting
                                                             through financial    Total of both
                                            rights if it
     Ultimate                                                instruments if it    if it equals or
                       Name of controlled   equals or is
     controlling                                             equals or is         is higher than
                       undertaking          higher than
     person                                                  higher than the      the notifiable
                                            the notifiable
                                                             notifiable           threshold
                                            threshold
                                                             threshold

        FIL Limited       FIL Limited             5.92%               0.07%             5.99%

                          FIL Holdings
        FIL Limited                               5.92%               0.07%             5.99%
                          (UK) Limited

                          FIL
        FIL Limited       Investments             5.92%               0.07%             5.99%
                          International

     10. In case of proxy voting

      Name of the proxy holder


      The number and % of voting rights held


      The date until which the voting rights will be held


     11. Additional Information



     12. Date of Completion

       06-Sep-2021

     13. Place Of Completion

       Dublin, Ireland






Date: 06-09-2021 05:45:00
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