Net Asset Value(s)

MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the
Company at the close of business on 13 June 2008 was as follows:

With debentures at par value: 414.58 pence per share

With debentures at fair value: 401.50 pence per share

The net asset value includes our investment in Majedie Asset Management Limited
at fair value and as from 31 May 2008 current period net income (calculated
using income and expenditure estimates). Additionally the 2008 interim dividend
of 4.2pps has been deducted (ex-date of 4 June) from the above net asset values
and the fair value of the debentures has been estimated using information
supplied by FT Interactive Data.