AGM Statement

MAJEDIE INVESTMENTS PLC

Result of Annual General Meeting

The Company announces that at the Annual General Meeting held at the London
Underwriting Centre, 3 Minster Court, Mincing Lane, London EC3R 7DD at 12.15 pm
on 19 January 2005, all resolutions contained in the notice of the meeting
including an item of special business were duly passed. The item of special
business was as follows:

A special resolution authorising the Directors to make market purchases of up
to 7,873,947 ordinary shares.

Copies of the Resolutions referred to above have been submitted to the UK
Listing Authority and will shortly be available for inspection at the UK
Listing Authority's Document Viewing Facility which is situated at:-

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel No: 020 7676 1000

Details of the Company's investment portfolio as at 31 December 2004 were
provided to shareholders attending the Annual General Meeting and are available
for viewing on the Company's web site at www.majedie.co.uk

Enquiries:

Company Secretary, Sinclair Henderson Ltd

01392 477512

19 January 2005