AXA Group - Disaggregation Exemption Notification

Majedie Investments Plc

AXA Group -Disaggregation Exemption Notification

Following the disaggregation exemption notified to the FSA under the Disclosure
and Transparency Rules on 17th October 2011, AXA SA and its subsidiary
notifying Group entities, acting independently from their parent and from each
other, no longer have any reportable holdings in Majedie Investments PLC on a
Group aggregated basis. However, AXA Investment Managers SA  has now crossed
the 13% threshold and has a holding of 13.52% and 7,103,119 shares on a Group
disaggregated basis as an independent Group subsidiary.

Company Secretary

Capita Sinclair Henderson Ltd

01392 477651

18 October 2011