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

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.


               Further information on Gemfields Group Limited can be found at:

                          To join our investor mailing list, contact us on:

                           For any press enquiries please contact us on:

   Gemfields Group Limited, Royal Chambers, St Julian’s Avenue, St Peter Port, GY1 4HP, Guernsey
                                     T +44 (0)1481 731 554

 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


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.COM | INVESTORS |FOUNDATION

                          INSTAGRAM | FACEBOOK | TWITTER | YOUTUBE



                                   KAGEM MINING LINKEDIN

                              MONTEPUEZ RUBY MINING LINKEDIN

             TR-1: Standard form for notification of major holdings

     1. Issuer Details


      Issuer Name

      UK or Non-UK Issuer

     2. Reason for Notification

       An acquisition or disposal of voting rights

     3. Details of person subject to the notification obligation

       FIL Limited

      City of registered office (if applicable)

      Country of registered office (if applicable)

     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


     6. Date on which Issuer notified


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

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

       Position of
                                10.92%              0.07%        10.99%
       notification (if

     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
     code(if possible)                    (DTR5.2.1)             (DTR5.1)      (DTR5.2.1)

      GG00BG0KTL52                              69,265,351                            5.92%

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

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

     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%

     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

        FIL Limited       FIL Limited             5.92%               0.07%             5.99%

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

        FIL Limited       Investments             5.92%               0.07%             5.99%

     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


     13. Place Of Completion

       Dublin, Ireland

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