Directorate Change

31 March 2008

                            MAJEDIE INVESTMENTS PLC                            

                          Board & Management changes                           

Majedie Investments PLC, a self-managed investment trust, announces that
following a comprehensive strategic review of its structure and organisation it
has been decided that its Board should be composed of wholly non-executive
directors and that the role of Chief Executive should cease to exist.

Accordingly Mr Robert Clarke has resigned from the Board and as Chief Executive
by mutual consent with effect from 31st March and will leave Majedie's
employment on 30th June 2008, having assisted with the transition process.

Mrs Gill Leates, Investment Director, has agreed to resign as a director with
immediate effect but will continue to have full responsibility for the
management of the Company's portfolio. In addition she will take Robert
Clarke's place as a non-executive director of Majedie Asset Management Limited,
our successful associate in which we retain a 30% shareholding.

The resulting non-executive Board will be strengthened by the appointment of Mr
Andrew Adcock as a director from 1 April 2008.

Mr Adcock has been Vice Chairman, Citigroup Corporate Broking since 2002.
Previously he was a Partner for three years at Lazards LLC which followed ten
years at BZW as the Managing Director of De Zoete & Bevan Limited. He is also a
non-executive director of F&C Global Smaller Companies PLC.

There are no further details required to be disclosed pursuant to Listing Rule
9.6.13 (2) - (6).

Following these changes the Board will comprise:

Mr HS Barlow (Chairman)

Mr HV Reid (Deputy Chairman and Senior Independent Director)

Mr A Adcock

Mr GP Aherne

Mr JW Barlow

Majedie Investments PLC remains committed to seeking new business development
opportunities which can contribute to its strategic objective of generating
superior returns for shareholders.

Mr Henry Barlow, Chairman of Majedie Investments PLC commented "I would like to
acknowledge the significant contribution which Robert Clarke has made to the
development of the Company over the last twelve years and to record our thanks
and best wishes for his future career.

I am also grateful to Gill Leates for agreeing to step down as a director after
nearly nine years to facilitate the change in Board composition.

It is a pleasure to welcome Andrew Adcock to the Board of Majedie Investments
PLC and we look forward to working with him and having the benefit of his
considerable financial expertise."

Enquiries:

Hubert Reid

Majedie Investments PLC

Deputy Chairman

Tel [phone]