Gem Diamonds Limited announced two-year extension to the Group's revolving credit facilities. The Group's revolving credit facilities of USD 71.7 million, due to expire on 21 December 2024, have been extended for two years to 21 December 2026. The Group's revolving credit facilities comprising USD 30.0 million at Gem Diamonds Limited (USD 6.0 million drawn as at 30 November 2024) and M750.0 million (USD 41.7million) atLet?eng (no drawdown as at 30 November 2024) were due to expire on 21 December 2024.

The facilities have been extended for a two-year period to 21 December 2026. The terms of the extended facilities remain largely in line with the current facilities but with improved covenant ratios. These facilities will be reviewed during 2026 with the intention to renew the facilities for an appropriate period from December 2026.