Holding(s) in Company

Gem Diamonds Limited
24 January 2008

Gem Diamonds Ltd



Disclosure of interest in shares

Capital Group International Inc (CGI)

CGI have advised the company that their percentage aggregate holding has reduced
to 4,252,747 (6.82%) from 4,458,014(7.14%)

Andre Confavreux

Company Secretary

020 3043 0280




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