BLACKROCK INVESTMENT MANAGEMENT (UK) LTD IS INTERESTED IN 7,735,479 ORDINARY SHARES

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30 Mar 2007

Gem Diamonds Limited received notification on 29th March 2007 from Blackrock Investment Management (UK) Ltd that it is interested in 7,735,479 ordinary shares which constitutes 12.48% of the issued share capital of Gem Diamonds Limited

Of this there is only one holding above 3.00% namely:

Merrill Lynch International Investment Fund

4,171,269 shares
6.73%