Result of AGM

Gemfields plc

("Gemfields" or the "Company")

Result of AGM

25 November 2013

Gemfields plc (AIM: GEM) is pleased to announce that at the Annual General Meeting of the Company held earlier today ("AGM"), all resolutions proposed to shareholders were duly passed with the exception of Resolution 7 relating to proposed adoption of the Gemfields plc Long Term Incentive Plan, which, with the consent of the meeting, was withdrawn from consideration.

ENQUIRIES:

Gemfields [email protected]

Dev Shetty, COO +44 (0)20 7518 3402

Canaccord Genuity Limited

Nominated Adviser and Joint Broker

Neil Elliot/Tarica Mpinga +44 (0)20 7523 8000

JP Morgan Cazenove

Joint Broker

Jamie Riddell +44 (0)20 7742 4000

Tavistock Communications

Jos Simson/Emily Fenton/Nuala Gallagher +44 (0)20 7920 3150

Notes to Editors:

Gemfieldsplc is the leading coloured gemstone miner listed on the AIM market of the London Stock Exchange (ticker: GEM). The Company's principal asset is the 75% owned Kagem emerald mine in Zambia, the world's single largest emerald mine. In addition to the Kagem emerald mine, Gemfields has a 50% interest in the Kariba amethyst mine in Zambia.

In July 2009 Gemfields commenced a formal auction programme for Zambian emeralds mined at Kagem. To date, the Company has held 14 auctions which have generated revenues totalling USD 224 million.

The Company also owns a 75% stake in the highly prospective Montepuez ruby deposit in Mozambique and licences in Madagascar including ruby, emerald and sapphire deposits.

Gemfields acquired the Fabergé brand in January 2013 with a view to creating a globally recognised coloured gemstone champion. Fabergé provides Gemfields with direct control over a high-end luxury goods platform and a global brand with exceptional heritage.