Holding(s) in Company

For filings with the FSA include the annex

For filings with issuer exclude the annex 

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Gem Diamonds Ord US$ 0.01

2. Reason for notification (yes/no)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached 

An event changing the breakdown of voting rights

Other (please specify): Acquisition via secondary placing of shares

to be admitted to LSE 22/04/09

X

3. Full name of person(s) subject to notification obligation:

TT INTERNATIONAL

4. Full name of shareholder(s) (if different from 3):

ATTICA EUROPE 

ATTICA EUROZONE 

BARCLAYS EUROPE EX-UK OPPORTUNITIES FUND

BARCLAYS EX UK

CAXTON EUROPE

DETROIT POLICE AND FIRE

EDS RETIREMENT PLAN

FRANK RUSSELL EUROZONE AGGRESSIVE EQUITY FUND

L AND G (BARCLAYS) MM EUROPE EX-UK 

LYXOR

MCDERMOTT PENSION FUND

OHIO

OHIO SCHOOLS

OREGON STATE TREASURY

PERMAL EUROPE

RBC GLOBAL CONTINENTAL EUROPEAN FUND

RBC REGENT STRATEGY EUROPEAN EQUITY FUND

SEI EURO EX UK EQUITY POOLED

TRITON 600 LIMITED

TT EUROPE EX UK

TT EUROZONE EQUITY FUND

TT LONG SHORT EUROPE FUND

5. Date of transaction (and date on which the threshold is crossed or reached if different):

1st April 2009

6. Date on which issuer notified:

3rd April 2009

7. Threshold(s) that is/are crossed or reached:

5%

8: Notified Details

A: Voting rights attached to shares

Class/type of shares

If possible use ISIN code

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of shares

Number of voting rights

Number of shares

Number of voting rights

Percentage of voting rights

Direct

Indirect

Direct

Indirect

Ord 

VGG379591065

0

0.00%

9,650,000

(22/04/2009)

9,650,000

-

6.99%

-

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ conversion period/date 

No. of voting rights that may be acquired (if the instrument exercised/converted)

Percentage of voting rights

N/A

N/A

N/A

N/A

N/A

Total (A+B)

Number of voting rights

Percentage of voting rights

9,650,000

6.99%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:

10. Name of proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14 Contact name:

N/A

15. Contact telephone name:

N/A

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name 

(including legal form of legal entities)

TT International 

Contact address 

(registered office for legal entities)

Moor House, Level 13

120 London Wall, London EC2Y 5ET

Phone number & email

0207 509 1000

Other useful information 

(at least legal representative for legal persons)

Austin Allison -Head Of Compliance and Legal 

Yinka Osindero - Compliance Officer

B: Identity of the notifier, if applicable

Full name

Frederick Law

Contact address

As Above

Phone number & email

As Above

[email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

Assistant Compliance Officer

C: Additional information: 

Shareholding in Gem Diamonds as a result of secondary placement on 1st April 2009 due to settle on 22nd April 2009