Holding(s) in Company

MAJEDIE INVESTMENTS PLC

The Company was advised on 13 December 2004 by AXA Investment Managers UK Ltd
that AXA S.A and its group companies have decreased their total holding in the
Company from 16.19% to 15.81%.

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

Trustees of AXA UK Investment Company                  140,000         0.27%
                                                                            
Sun Life Pensions Management Ltd                       349,400         0.67%
                                                                            
Sun Life Unit Assurance Ltd                          7,815,619        14.87%
                                                                            
Total                                                8,305,019        15.81%

The total number of the Company's Ordinary shares held under the management of
AXA Investment Managers UK Ltd is 8,305,019, representing 15.81 % of the
Company's issued capital. These shares are represented by a beneficial interest
of 8,165,019 Ordinary shares (15.54%) and a non-beneficial interest of 140,000
Ordinary shares (0.27%).

13 December 2004

Enquiries:

Sinclair Henderson Ltd, Company Secretary, 01392 477512