ANNOUNCEMENT OF THE LAUNCH OF JAVELIN CAPITAL LLP

1st September 2010

MAJEDIE INVESTMENTS PLC ANNOUNCES THE LAUNCH OF JAVELIN CAPITAL LLP

The Board of Majedie Investments PLC is pleased to confirm the launch of a
subsidiary, Javelin Capital LLP, a newly authorised asset management business.
Majedie Investments PLC has appointed Javelin Capital to manage its assets
under a new Investment Management Agreement, the terms and related costs of
which have been carefully considered by the Board as suitable and appropriate.

Majedie Investments PLC will transfer all existing employees to Javelin Capital
whose senior management will include Executive Director Gerry Aherne as Chief
Executive, Victor Pina as Chief Investment Officer, Dr Steven Asprey as
Portfolio Manager and Nick Rundle, who is currently Investment Director for
Majedie Investments PLC. Javelin Capital will be governed by a Management Board
which consists of both Majedie Investments PLC directors and Javelin Capital
partners.

The assets of Majedie Investments PLC will continue to be managed by the
current team, led by Nick Rundle, who as a partner of Javelin Capital will
report to the Board of Majedie Investments PLC, to ensure that the overall
regulatory conditions are met for an investment trust and that the investments
are in accordance with the stated objectives of the Company. The Board of
Majedie Investments PLC has in place appropriate key operating systems and
controls to provide reassurance to current shareholders and future investors
that a robust governance process is in place.

The Board of Majedie Investments PLC is seeking to increase both the size and
quality of the Company's earnings, and gain geographical and investment
diversification. Javelin Capital is an alternative equity boutique offering
both long-short and long-only investment approaches in both Global and UK
equities. The aim is to develop a high quality specialist fund management group
that will deliver superior investment returns and offer high quality,
multi-strategy equity products to professional investors.

To finance the start up and projected costs for the first three years and to
provide regulatory capital, the Board of Majedie Investments PLC has agreed to
invest £4.5 million into Javelin Capital. The business plan for Javelin Capital
envisages that within the three years this capital will be substantially
repaid. Majedie Investments PLC will hold an initial 70% participation in
Javelin Capital whilst a 30% interest will be held by partners and staff.

The Board of Majedie Investments PLC believes that Javelin Capital offers
significant growth prospects, and that the range of experience and capabilities
enables it to manage both the assets of Majedie Investments PLC, and other
institutional investors, both professionally and successfully.

Andrew Adcock, Chairman of Majedie Investments PLC, commented: "Having
successfully benefited from the sponsorship of Majedie Asset Management, which
has grown into a successful, award winning fund management company, we are
seeking to repeat that success with Javelin Capital and perceive there to be
significant appetite in the market for an equity manager with the ability to
produce positive return, low volatility products."

About Majedie Investments PLC

Majedie Investments PLC is a London Stock Exchange listed investment trust with
gross assets of approximately £148 million. The Company was formed in 1910 and
obtained investment trust status in 1985. The investment objective of Majedie
Investments PLC is to maximise total shareholder return over the long term
whilst increasing dividends by more than the rate of inflation.

                                                                              

About Javelin Capital LLP

Javelin Capital is an asset management company, established in 2010 to
specialise in Global and UK Equities. Javelin Capital will differentiate itself
initially by focusing on Global and Emerging Markets Equities, utilizing
innovative investment approaches with the goal of achieving superior low
volatility performance. Javelin Capital is structured as an alternative equity
boutique offering both long-short and long-only investment approaches.   The
business strategy is to offer high quality sophisticated multi-approach equity
products to a range of professional investors. By having a performance driven,
equity ownership culture, the Partners of Javelin Capital wish to maintain the
dynamic benefits of a small/medium organization and operate within a framework
in which the interests of shareholders, management, and clients are aligned.