Board Appointment

9 Apr 2010 07:00

Gemfields PLCBoard Appointments9 April 2010

Gemfields PLC ("Gemfields" or "the Company", Ticker "GEM") is delighted to announce that following his appointment as CFO on 1 January 2010, Mr Devidas Krishna Shetty (Age:32) has now joined the Board of Directors, with effect from 1 April 2010.

Mr Shetty is a qualified chartered accountant with 10 years' of diverse international experience encompassing mergers and acquisitions, business start-ups, business turnarounds, strategic planning, treasury, tax and financial reporting.

Commenting on the appointment, Mr Ian Harebottle, CEO said "After having had the opportunity to work closely with Mr Shetty over the past three months, it is clear to me that he is, and will continue to be, a great asset to our company. His skills, energy and enthusiasm are well respected and appreciated by everyone within the Gemfields team. We look forward to his valuable contribution to the Board of the Company".

There is no information in relation to Mr Shetty's appointment required pursuant to Schedule 2 paragraph (g) of the AIM rules for Companies other than as set out in this announcement.

Enquiries:

Gemfields dev.shetty@gemfields.co.uk

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

Canaccord Adams Limited

Nominated Adviser and Joint Broker to Gemfields

Tarica Mpinga/Andrew Chubb +44 (0)20 7050 6500

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