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Holding(s) in Company

6th May 2011 07:00

TR-1: Notifications of Major Interests in Shares Identity of the issuer or the underlying issuer of existing shares to which Gemfields voting rights are attached: PLC 2: Reason for notification (yes/no) An acquisition or disposal of voting rights yes

An acquisition or disposal of qualifying financial instruments which may result no in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to no qualifying financial instruments An event changing the breakdown of voting rights yes Other (please specify): no 3. Full name of person(s) subject to the notification Standard Life Investments Ltd obligation:

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

5. Date of the transaction (and date on which the threshold 03 May 2011 is crossed or reached): 6. Date on which issuer notified: 04 May 2011 7. Threshold(s) that is/are crossed or reached: Direct 4% 8: Notified Details Voting rights attached to shares Class/type of share If possible use ISIN code GB00B0HX1083 Situation previous to the triggering transaction Number of shares Number of voting rights 0 0 Resulting situation after the triggering transaction Number of shares Number of voting rights Percentage of voting rights Direct Indirect Direct Indirect 15,674,000 15,674,000 0 4.836% 0% Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ No. of voting rights Percentage of financial date conversion period/ that may be acquired voting rights instrument date (if the instrument exercised/converted)

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction Type of financial Exercise Expiration Exercise/ Number of voting % of voting rights instrument price date Conversion rights instrument period refers to Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 15,674,000 4.836%

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

Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: [email protected] Standard Life Investments Ltd 15. Contact telephone number: (0131) 245 6565

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Gemfields Grou.
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