Debenture purchases

Majedie Investments PLC

30 September 2004

                              Debenture Purchases                              

The Company announces that on 29 September 2004 it purchased for cancellation
holdings in each of its debentures as follows:

Debenture Stock:            7¼% Debenture Stock 2025  9½% Debenture Stock 2020
                                                                              
Nominal Value purchased:                  £4,300,000                £1,500,000
                                                                              
Cash Consideration:                       £4,820,362                £1,977,081
                                                                              
including accrued interest                    4 days                    4 days
of:                                                                           
                                                                              
Nominal Value remaining                  £20,700,000               £13,500,000
after purchase and                                                            
cancellation:                                                                 

For further information contact the Company Secretary, Sinclair Henderson
Limited; telephone [phone].