Source - PRN

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.

SCOTGEMS PLC

PUBLICATION OF PROSPECTUS

ScotGems plc (the "Company") has today published a prospectus approved by the UK Listing Authority in connection with the initial placing, offer for subscription (including an intermediaries offer) and placing programme of up to 100 million shares.

A copy of the prospectus will shortly be available for inspection at the National Storage Mechanism which is located at www.morningstar.co.uk/uk/nsm.do.

For further information, please contact:

Investment Manager
Stewart Investors         +44 (0) 131 473 2900
Ashish Swarup
Tom Allen
Harry Gladstone

Company Secretary
PATAC Limited             +44 (0) 131 538 6605
Steven Davidson          

Advisers to the Company         
Dickson Minto W.S.     +44 (0) 207 649 4455

Douglas Armstrong

This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for, or to buy shares in any jurisdiction.

This announcement is an advertisement and not a prospectus. Any investment in any shares referred to in this announcement may be made only on the basis of information in a prospectus published by ScotGems plc in connection with the initial placing, offer for subscription (including an intermediaries offer) and a placing programme, and the admission of those ordinary shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange plc.

This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Dickson Minto W.S., First State Investments International Limited (trading as Stewart Investors) or by any of its or their respective affiliates or agents as to or in relation to the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or their advisers and any liability therefore is expressly disclaimed.

Dickson Minto W.S., which is authorised and regulated by the Financial Conduct Authority, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Dickson Minto W.S. or advice to any other person in relation to the matters contained herein.

First State Investments International Limited, trading as Stewart Investors, is authorised and regulated by the Financial Conduct Authority.