GEM DIAMONDS LIMITED RECEIVED NOTIFICATION ON 26TH JUNE 2007 FROM F&C ASSET MANAGEMENT PLC

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28 Jun 2007

Gem Diamonds Limited received notification on 26th June 2007 from F&C Asset Management Plc that it was interested in 3,138,445 ordinary shares which constitutes 5.06% of the issued share capital of Gem Diamonds Limited

No client's holding was at or above 3.00%