Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Majedie Investments Plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                                    
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify): Transitional Provisions                        Yes     

3. Full name of person(s) subject to the notification obligation     Smith &   
(iii):                                                             Williamson  
                                                                    Holdings   
                                                                     Limited   
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):          Nominee   
                                                                  companies of 
                                                                     Smith &   
                                                                   Williamson  
                                                                      Inv.     
                                                                   Management  
                                                                   Limited as  
                                                                   detailed in 
                                                                    section 9  
                                                                               
5. Date of the transaction (and date on which the threshold is         n/a     
crossed                                                                        
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                 15 March 2007
                                                                               
7. Threshold(s) that is/are crossed or reached:                        5%      
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of  Situation previous   Resulting situation after the triggering   
    shares             to                       transaction (vii)              
 if possible     the Triggering                                                
using the ISIN  transaction (vi)                                               
     CODE                                                                      
                                                                               
                Number   Number    Number   Number of voting     % of voting   
                  of       of        of       rights (ix)          rights      
                Shares   Voting    shares                                      
                         Rights                                                
                         (viii)                                                
                                                                               
                                   Direct   Direct  Indirect   Direct  Indirect
                                             (x)      (xi)                     
                                                                               
   0555522                                          2,660,145           5.06%  
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
2,660,145                               5.06%                                  

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable (xv):

   Smith and Williamson Nominees Limited, a subsidiary of Smith & Williamson   
    Investment Management Limited, sub of S&W Hldgs Ltd: 2,660,145 shares.     

Proxy Voting:


10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy holder will cease to hold:                   
                                                                               
12. Date on which proxy holder will cease to hold voting                       
rights:                                                                        

13. Additional information:                                                    
                                                                               
14. Contact name:                                                              
                                                                               
15. Contact telephone number:                                                  

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)           Smith &          
                                                              Williamson       
                                                              Holdings Limited 
                                                                               
Contact address (registered office for legal entities)        25 Moorgate      
                                                                               
                                                              London           
                                                                               
                                                              EC2R 6AY         
                                                                               
Phone number                                                  020 7131 4922    
                                                                               
Other useful information (at least legal representative for   Steven Payne     
legal persons)                                                                 
                                                              Compliance       
                                                              Officer          
                                                                               
                                                              Smith &          
                                                              Williamson       
                                                              Investment       
                                                              Management       
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional relationship with                    
the person                                                                     
or legal entity subject to the notification obligation)                        

C: Additional information