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

X

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):

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

TT INTERNATIONAL

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

ATTICA EUROPE 

BARCLAYS EUROPE EX-UK OPPORTUNITIES FUND

BARCLAYS EX UK

CAXTON EUROPE

DETROIT POLICE AND FIRE

EDS RETIREMENT PLAN

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 LONG SHORT EUROPE FUND

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

4th August 2009

6. Date on which issuer notified:

5th August 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

6,938,042

5.02%

6,765,968

6,765,968

-

4.89%

-

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

6,765,968

4.89%

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:

Andre Confavreux, Company Secretary, Gem Diamonds

15. Contact telephone name:

0203 0430280