Holding(s) in Company

5 Jun 2009 07:00

Gemfields PlcHoldings in Company5 June 2009

Gemfields Plc ("Gemfields" or "the Company", Ticker "GEM") received notification on 3 June 2009 from QVT Financial LP ("QVT") that, as of 1 June, QVT through shareholdings of QVT Fund LP, Quintessence Fund L.P. and Deutsche Bank AG London has an interest through contracts for difference in a total of 10,650,000 shares. Following this transaction, QVT has an interest through both direct ownership and contracts for difference in a total of 13,983,333 shares representing 4.31% of the ordinary shares of 1p in the Company.

Enquiries:

Richard James, CFO Tel: +44 (0)20 7518 3402

Gemfields Plc

Mike Jones/Tarica Mpinga Tel: +44 (0)20 7050 6500

Canaccord Adams Ltd

Nominated Adviser and Joint Broker to Gemfields