Update regarding Mozambique unrest

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("Gemfields" or the "Group" or the "Company")

Update regarding Mozambique unrest

LONDON, 24 DECEMBER 2024

On Monday 23 December 2024, the Mozambican Constitutional Council issued its decision regarding the October 2024 election. News of the ruling has given rise to further unrest in Mozambique.

Gemfields has several operations in Mozambique's northernmost province of Cabo Delgado, the largest being Montepuez Ruby Mining Limitada in Mozambique ("MRM") and which is 75% owned by Gemfields.

The Company's priority remains the safety and security of its employees, contractors and community members. Based on the trajectory of the ongoing situation, there may be interruptions to MRM's mining operations resulting from this unrest.

In the areas surrounding MRM, groups associated with the illegal mining and trading of rubies have taken advantage of the political unrest.

In Namanhumbir, a village immediately adjacent to MRM's principal residential village and infrastructure ("MRM Village"), the instigators set fire on 23 December 2024 to:

• the Namanhumbir police station;
• the offices of MRM's Operational Grievance Mechanism;
• the MRM community centre; and
• the community radio centre built by MRM.

In the village of Nanune, a water borehole providing water to community members and MRM Village was sabotaged, cutting off the water supply.

In the village of Wikupuri, some 5km east-northeast of MRM Village, and which was constructed ab initio by MRM as a resettlement village, the instigators set fire to:

• the Wikupuri police station;
• the residence of police commander; and
• the administrative offices of Namanhumbir district.

The Company continues to closely monitor the evolving situation and will provide further updates as necessary.

GEMFIELDS

KAGEM MINING LINKEDIN

MONTEPUEZ RUBY MINING LINKEDIN