Holding(s) in Company

MAJEDIE INVESTMENTS PLC

The Company has today been advised by AXA Investment Managers UK Ltd that AXA
S.A and its group companies have reduced their total holding in the Company
from 15.08% to 14.84%.

The breakdown of the total interest by AXA S.A and its group companies is as
follows:

Sun Life Pensions Management Ltd                       349,400         0.66%
                                                                            
Sun Life Unit Assurance Ltd                          7,448,119        14.18%
                                                                            
Total                                                7,797,519        14.84%

06 January 2005

Enquiries:

Sinclair Henderson Ltd, Company Secretary, 01392 477512


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