Interim Management Statement

Majedie Investments PLC                            

Interim Management Statement

The Board of Majedie Investments PLC announces its second Interim Management
Statement for the year ending 30 September 2014, as required by the UK Listing
Authority's Disclosure and Transparency Rules. This Statement is in respect of
the period from 1 April 2014.

Description

Majedie Investments PLC is an investment trust listed on the London Stock
Exchange. The original company was established in 1910 and owned several rubber
estates in Malaysia. It evolved into an investment company and obtained
investment trust status in 1985 and invests principally in listed global
equities.

The Company owns a significant stake in the asset management boutique, Majedie
Asset Management Limited (MAM), which in January 2014 was appointed to manage
the Company's assets.

Investment Objective

To maximise total shareholder return whilst increasing dividends by more than
the rate of inflation over the long term.

Key Factsat 30 June 2014

Share Price                           240.0p
                                            
NAV per Share (debt at par)           247.1p
                                            
NAV per Share (debt at                233.39
market value)                               
                                            
Discount (debt at par)                (2.9%)
                                            
Premium (debt at market                 2.8%
value)                                      
                                            
Market Capitalisation                £126.1m
                                            
Total Assets                         £162.5m
                                            
Debt (at par value)                   £33.9m
                                            
Debt (at market value)                £41.0m
                                            
Annual dividend                Not less than
                                        7.5p
                                            
Ticker                               MAJE.LN
                                            
Sector                         Global Growth

% Performance to 30 June 2014

Total Return                   3 Months to 30   Financial  
                                 June 2014        Year     
                                                           
                                                  2014     
                                                           
Net Asset Value (debt at            4.9%          8.6%     
market value)                                              
                                                           
Share Price                        16.1%          55.8%    
                                                           

Balance Sheet at 30 June 2014

                   £ Mil   % Total  Notes                                      
                           Assets                                              
                                                                               
   UKES Segregated  64.3     40%    Long-only equity portfolio invested in     
         Portfolio                  mainstream global stocks with a focus on   
                                    dividends.                                 
                                                                               
MAM UK Income Fund  17.6     11%    A UCITS UK Income fund.                    
                                                                               
 MAM Tortoise Fund  28.5     18%    A UCITS absolute return, equity market long
                                    /short fund.                               
                                                                               
 MAM Global Equity  5.0      3%     A UCITS global equity fund.                
              Fund                                                             
                                                                               
  MAM Global Focus  5.0      3%     A UCITS global equity focus fund.          
              Fund                                                             
                                                                               
MAM US Equity Fund  5.0      3%     A UCITS US equity fund.                    
                                                                               
     Majedie Asset  33.1     20%    An 18% stake in an unlisted asset          
    Management Ltd                  management company.                        
                                                                               
      Cash / Other  4.0      2%                                                
                                                                               
      Total Assets 162.5    100%                                               
                                                                               
        Debentures (33.9)                                                      
                                                                               
        Net Assets 128.6                                                       

Top Twenty Investments at 30 June 2014

Majedie Asset Management                 20.4%
                                              
Majedie Tortoise Fund                    17.5%
                                              
Majedie UK Income Fund                   10.8%
                                              
Royal Dutch Shell PLC                     3.8%
                                              
Majedie Special Situations Fund           3.6%
                                              
BP PLC                                    3.3%
                                              
Majedie Global Equity Fund                3.1%
                                              
Majedie US Equity Fund                    3.1%
                                              
Majedie Global Focus Fund                 3.1%
                                              
GlaxoSmithKline                           2.4%
                                              
Vodafone Group PLC                        1.7%
                                              
AstraZeneca PLC                           1.5%
                                              
BAE Systems PLC                           1.5%
                                              
Centrica PLC                              1.5%
                                              
BT Group PLC                              1.3%
                                              
Tesco PLC                                 1.3%
                                              
Marks & Spencer PLC                       1.2%
                                              
Orange SA                                 1.2%
                                              
Telecom Italia SPA                        0.9%
                                              
HSBC Holdings PLC                         0.9%
                                              
                                         84.1%
                                              
Figures are % of total assets                 

Regional Allocation in UKES Segregated Portfolio at 30 June 2014

UK                   81.7%
                          
Europe ex UK         11.9%
                          
North America         1.8%
                          
Rest of World         0.4%
                          
Cash                  4.2%

Sector Allocation in UKES Segregated Portfolio at 30 June 2014

Basic Materials                 1.5%
                                    
Consumer Goods                  1.0%
                                    
Consumer Services              12.5%
                                    
Equity Investment               8.8%
Instruments                         
                                    
Financials                     10.8%
                                    
Health Care                    10.7%
                                    
Industrials                     8.4%
                                    
Oil & Gas                      18.7%
                                    
Technology                      0.8%
                                    
Telecommunications             14.5%
                                    
Utilities                       8.1%
                                    
Cash                            4.2%

Material events or transactions

In Q3 2014, the Company's NAV and share price returned 4.9% and 16.1%
respectively. The benchmark rose by 2.3% in the quarter. The Company is
currently trading at a premium to its NAV with the debentures valued at market
value.

In late June the Company invested in three new funds, managed by its investment
manager, MAM. £5m was invested in each of the MAM Global Equity, MAM Global
Focus and MAM US Equity Funds. Contemporaneously the UKES segregated portfolio
was reduced by £15m.

The Company's stake in Majedie Asset Management was revalued for the
half-yearly financial report published on 29 May 2014 to £33.1m from £27.8m.
Additionally during the quarter the Company received a dividend from Majedie
Asset Management Limited of £0.9m.

There have been no other material events or transactions that have taken place
between 31 March 2014 and the date of publication of this statement.

Disclaimer

This Interim Management Statement has been issued by Majedie Investments PLC on 
23 July 2014. The news, information, and data in this statement should not be
deemed as a financial promotion or recommendation. Majedie Investments PLC is
not authorised to give financial advice