/Equities/AIMX/GEM/RNS

Transaction in Own Shares

RNS Number : 7442O

Gemfields Group Limited

05 October 2023

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")

Transaction in Own Shares and Total Voting Rights

LONDON, 5 OCTOBER 2023

Gemfields announces that on Wednesday 4 October 2023, the Company purchased 1,222,630 of its own ordinary shares of USD0.00001 each in the Company ("Ordinary Shares") at an average price of ZAR3.1379. These Ordinary Shares will be held as treasury shares before being periodically cancelled. Any cancellations will be announced separately.

Date of purchase:	4 October 2023
Number of ordinary shares purchased:	1,222,630
Highest price paid per share:	ZAR3.15
Lowest price paid per share:	ZAR3.09
Volume weighted average price paid per share:	ZAR3.1379

A list of all trades completed can be found at the bottom of this announcement.

Following this purchase, the total number of Ordinary Shares held in treasury by the Company is 9,838,428. The total number of Ordinary Shares in issue is 1,221,918,104, including treasury shares.

Therefore, the number of Ordinary Shares that carry the right to one vote is 1,212,079,676. This is the total voting rights figure which may be used by shareholders as the denominator for the calculations by which they can determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Transaction date and time	Number of shares repurchased	Transaction price (ZAR)	Trading venue
4 October 2023, 10:46 SA time	4,627	3.09	JSE
4 October 2023, 10:46 SA time	6,033	3.10	JSE
4 October 2023, 10:46 SA time	25,000	3.10	JSE
4 October 2023, 10:46 SA time	34,172	3.10	JSE
4 October 2023, 10:46 SA time	5,000	3.10	JSE
4 October 2023, 10:46 SA time	2,877	3.10	JSE
4 October 2023, 10:46 SA time	1,543	3.10	JSE
4 October 2023, 10:46 SA time	2,625	3.10	JSE
4 October 2023, 10:46 SA time	18,123	3.10	JSE
4 October 2023, 10:47 SA time	7,798	3.09	JSE
4 October 2023, 10:47 SA time	4,252	3.10	JSE
4 October 2023, 10:47 SA time	20,000	3.10	JSE
4 October 2023, 10:47 SA time	5,000	3.10	JSE
4 October 2023, 10:47 SA time	20,000	3.10	JSE
4 October 2023, 10:47 SA time	4,525	3.10	JSE
4 October 2023, 10:47 SA time	20,475	3.10	JSE
4 October 2023, 10:47 SA time	4,164	3.10	JSE
4 October 2023, 10:47 SA time	13,786	3.10	JSE
4 October 2023, 11:04 SA time	82,050	3.10	JSE
4 October 2023, 11:04 SA time	444	3.10	JSE
4 October 2023, 11:04 SA time	5,000	3.10	JSE
4 October 2023, 11:04 SA time	4,876	3.10	JSE
4 October 2023, 11:04 SA time	242	3.14	JSE
4 October 2023, 11:04 SA time	3,836	3.14	JSE
4 October 2023, 11:04 SA time	25,000	3.15	JSE
4 October 2023, 11:04 SA time	5,000	3.15	JSE
4 October 2023, 11:44 SA time	75,000	3.15	JSE
4 October 2023, 13:38 SA time	25,000	3.15	JSE
4 October 2023, 13:38 SA time	1,796	3.15	JSE
4 October 2023, 13:38 SA time	10,000	3.15	JSE
4 October 2023, 13:38 SA time	5,000	3.15	JSE
4 October 2023, 13:38 SA time	8,649	3.15	JSE
4 October 2023, 13:38 SA time	6,351	3.15	JSE
4 October 2023, 13:38 SA time	100	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	350	3.15	JSE
4 October 2023, 13:38 SA time	8,150	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,004	3.15	JSE
4 October 2023, 13:38 SA time	7,496	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,288	3.15	JSE
4 October 2023, 13:38 SA time	7,212	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	930	3.15	JSE
4 October 2023, 13:38 SA time	7,570	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	819	3.15	JSE
4 October 2023, 13:38 SA time	7,681	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,273	3.15	JSE
4 October 2023, 13:38 SA time	5,227	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,287	3.15	JSE
4 October 2023, 13:38 SA time	7,213	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	783	3.15	JSE
4 October 2023, 13:38 SA time	7,717	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,111	3.15	JSE
4 October 2023, 13:38 SA time	7,389	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,035	3.15	JSE
4 October 2023, 13:38 SA time	7,465	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	23	3.15	JSE
4 October 2023, 13:38 SA time	8,477	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,392	3.15	JSE
4 October 2023, 13:38 SA time	7,108	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	813	3.15	JSE
4 October 2023, 13:38 SA time	7,687	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	14	3.15	JSE
4 October 2023, 13:38 SA time	8,486	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,188	3.15	JSE
4 October 2023, 13:38 SA time	7,312	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	676	3.15	JSE
4 October 2023, 13:38 SA time	7,824	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	963	3.15	JSE
4 October 2023, 13:38 SA time	7,537	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,084	3.15	JSE
4 October 2023, 13:38 SA time	7,416	3.15	JSE
4 October 2023, 13:38 SA time	8,386	3.15	JSE
4 October 2023, 13:38 SA time	114	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	657	3.15	JSE
4 October 2023, 13:38 SA time	7,843	3.15	JSE
4 October 2023, 13:38 SA time	8,151	3.15	JSE
4 October 2023, 13:38 SA time	349	3.15	JSE
4 October 2023, 13:38 SA time	8,285	3.15	JSE
4 October 2023, 13:38 SA time	215	3.15	JSE
4 October 2023, 13:38 SA time	8,480	3.15	JSE
4 October 2023, 13:38 SA time	20	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,046	3.15	JSE
4 October 2023, 13:38 SA time	7,454	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	699	3.15	JSE
4 October 2023, 13:38 SA time	7,801	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,397	3.15	JSE
4 October 2023, 13:38 SA time	1,103	3.15	JSE
4 October 2023, 13:38 SA time	5,467	3.15	JSE
4 October 2023, 13:38 SA time	3,699	3.15	JSE
4 October 2023, 13:38 SA time	4,801	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	965	3.15	JSE
4 October 2023, 13:38 SA time	7,535	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	69	3.15	JSE
4 October 2023, 13:38 SA time	8,431	3.15	JSE
4 October 2023, 13:38 SA time	8,015	3.15	JSE
4 October 2023, 13:38 SA time	485	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	546	3.15	JSE
4 October 2023, 13:38 SA time	7,954	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	605	3.15	JSE
4 October 2023, 13:38 SA time	7,895	3.15	JSE
4 October 2023, 13:38 SA time	8,164	3.15	JSE
4 October 2023, 13:38 SA time	336	3.15	JSE
4 October 2023, 13:38 SA time	8,474	3.15	JSE
4 October 2023, 13:38 SA time	26	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	1,320	3.15	JSE
4 October 2023, 13:38 SA time	7,180	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	913	3.15	JSE
4 October 2023, 13:38 SA time	7,587	3.15	JSE
4 October 2023, 13:38 SA time	8,100	3.15	JSE
4 October 2023, 13:38 SA time	400	3.15	JSE
4 October 2023, 13:38 SA time	8,463	3.15	JSE
4 October 2023, 13:38 SA time	37	3.15	JSE
4 October 2023, 13:38 SA time	8,500	3.15	JSE
4 October 2023, 13:38 SA time	778	3.15	JSE
4 October 2023, 13:38 SA time	132	3.15	JSE
4 October 2023, 13:38 SA time	8,150	3.15	JSE
4 October 2023, 13:38 SA time	9,336	3.15	JSE
4 October 2023, 13:38 SA time	4,514	3.15	JSE
4 October 2023, 13:38 SA time	9,832	3.15	JSE
4 October 2023, 13:38 SA time	8,537	3.15	JSE
4 October 2023, 13:38 SA time	8,547	3.15	JSE
4 October 2023, 13:38 SA time	16,453	3.15	JSE
4 October 2023, 13:38 SA time	4,210	3.15	JSE
4 October 2023, 16:59 SA time	1,197	3.15	JSE
4 October 2023, 16:59 SA time	125,633	3.15	JSE

-ENDS-

Further information on Gemfields Group Limited can be found at:

GEMFIELDSGROUP.COM

To join our investor mailing list, contact us on:
[email protected]

For any press enquiries please contact us on:
[email protected]

ENQUIRIES

GEMFIELDS	Sean Gilbertson / David Lovett / Ian Hughes [email protected] T: +44(0) 20 7518 3400
SPONSOR (JSE)	Investec Bank Limited
NOMINATED ADVISER (AIM) & JOINT BROKER	Cavendish Capital Markets Limited Neil McDonald / Edward Whiley / Tim Redfern 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 / Emily Hall T: +44(0) 20 3757 4980

ADDITIONAL INFORMATION ON GEMFIELDS

Gemfields is a world-leading responsible miner and marketer of 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 licences 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 through Fabergé designs, advancing the wider group's "mine and market" vision.

Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields' business model that 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

POSFFFLFIELSIIV