NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

26 June 2017

Fosun Gold Holdings Limited ("Fosun Gold")

Lapse of cash offer for Gemfields plc ("Gemfields")

Further to the announcement today by Pallinghurst Resources Limited that its offer for Gemfields has become wholly unconditional, Fosun Gold's cash offer for Gemfields has lapsed in accordance with its terms.

Capitalised terms used but not defined in this announcement shall have the meanings given to them in the Rule 2.7 announcement released by Fosun Gold on 20 June 2017 in relation to its cash offer for Gemfields.

Enquiries

Fosun Gold

Edward Sun / Samuel Guan

Hannam & Partners

(Financial Adviser to Fosun Gold)

Neil Passmore / Andrew Chubb / Ernest Bell

Telephone: +44 20 7907 8500

Maitland

(PR advisers to Fosun Gold)

Neil Bennett / Sundeep Tucker

Telephone: +44 20 7379 5151

Note

Fosun Gold is a wholly owned subsidiary of Fosun International Limited, a company listed on the Hong Kong Stock Exchange with stock code 00656.

Further information

This announcement is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the Fosun Offer or otherwise, nor shall there be any sale, issuance or transfer of securities of Gemfields in any jurisdiction in contravention of applicable law. 

Hannam & Partners (Advisory) LLP, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority for investment business activities, is acting exclusively as financial adviser to Fosun Gold and no one else in connection with the Fosun Offer and will not be responsible to anyone other than Fosun Gold for providing the protections afforded to clients of Hannam & Partners, nor for providing advice in relation to the Fosun Offer or any other matters referred to in this announcement.