GEMFIELDS GROUP LIMITED

Board/Management Information • Oct 11, 2021

National Storage Mechanism | Additional information

RNS Number : 6601O

Gemfields Group Limited

11 October 2021

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")

Appointment of Non-Executive Director

LONDON, 11 OCTOBER 2021

Gemfields is pleased to announce that Patrick Eugenio Sacco will join the Board as a non-independent and non-executive Director with immediate effect.

Mr Sacco has extensive management experience in the mining and mineral marketing sector with specific expertise in iron ore, manganese ore, manganese alloys and chrome ore. Mr Sacco is currently the managing director of, and holds a beneficial interest in, Assore International Holdings Limited ("AIHL") which in turn holds 311,540,560 ordinary shares in the Company representing 26.66 per cent. of the Company's voting rights. As such, Mr Sacco is deemed to have a beneficial interest in AIHL's entire legal holding in Gemfields.

Gemfields' Non-Executive Chairman, Martin Tolcher, commented: "Patrick brings significant experience and knowledge to Gemfields' Board of Directors and I am very pleased to welcome him at this important time in the Group's history. I and my fellow Directors are very much looking forward to working with Patrick and being able to utilise his African mining and international marketing expertise".

The following information regarding the appointment of Patrick Eugenio Sacco (aged 43) is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:

Current appointments:

·    Assmang Proprietary Limited (South Africa) - Appointed 2008

·    Assore Limited (South Africa) - Appointed 2007

·    Assore International Holdings Limited (England & Wales) - Appointed 2020

·    Assore Holdings Proprietary Limited - Appointed 2021

·    International Manganese Institute (France) - Appointed 2015

·    Manganese Reach Administration Association (France) - Appointed 2017

·    Oresteel Investments Pty Limited (South Africa) - Appointed 2006

·    Ore and Metal Company Limited (South Africa) - Appointed 2007

·    Sacco Community Limited (South Africa, non-profit) - Appointed 2013

·    S.C.P. Shamwari (Monaco) - Appointed 2021

·    The Sacco Foundation (South Africa, non-profit) - Appointed 2013

·    Broadlands Estate Home Owners Association - Appointed 2015

Positions held in the past 5 years:

·    African Mining and Trust Company Limited (South Africa) - Resigned 30 June 2021

·    Cato Ridge Alloys Limited (South Africa) - Resigned 30 June 2021

·    Wonderstone Limited - Resigned 2021

·    Xertech Proprietary Limited (South Africa) - Resigned 1 July 2019

·    Zeerust Chrome Mines Limited (South Africa) - Resigned 1 July 2019

·    Dwarsriver Chrome Mine (Pty) Limited - Resigned June 2021

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules for Companies. The information communicated in this announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

-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

ENQUIRIES

GEMFIELDS	Sean Gilbertson / David Lovett / Mark LawrieT:  +44(0) 20 7518 3400
SPONSOR (JSE)	Investec Bank Limited
SEDIBELO SALE PROCESS	Liberum Nehal Patel T: +44(0) 20 3100 2222
NOMINATED ADVISER (AIM) & JOINT BROKER	finnCap 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 HennisT: +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

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