Holding(s) in Company

22 Nov 2007 07:00

Gemfields Resources PlcHoldings in Company22 November 2007

Gemfields Resources Plc ("Gemfields" or "the Company", Ticker "GEM") received notification dated 19 November 2007 that, following a recent transfer of stock within non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP, the following announcement needs to be made.

Non-beneficial funds under the discretionary management of Matterhorn Investment Management LLP hold an interest in 13,371,982 of the Company's ordinary 1p shares, amounting to approximately 12.79% of the Company's issued share capital.

The following interests are included in the above total of shares:

The Wildhorn Master Fund 5,861,250 shares;

The Breithorn Master Fund 5,563,000 shares.

The Palmyra Fund no longer has a notifiable holding.

The registered holders of the above total of shares are:

Goldman Sachs Securities (Nominees) Limited 13,121,982 shares;

HSBC Global Custody Nominees UK Limited 250,000 shares.

For more information:

Peter Kitchen, CEO peter.kitchen@gemfields.co.uk

Richard James, CFO richard.james@gemfields.co.uk

Gemfields Resources Plc Tel: +44 (0)20 7016 9416

Conduit PR

Leesa Peters/Arabella Hobbs +44 (0)20 7429 6600

+44 (0)781 215 9885

Canaccord Adams Limited

Robin Birchall/Ryan Gaffney +44 (0)20 7050 6500