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 31 December 2009 was as follows:

With debentures at par value: 255.70 pence per share

With debentures at fair value: 243.78 pence per share

The net asset value published is on a cum-income basis (calculated using income
and expenditure estimates). Additionally the fair value of the debentures has
been estimated based on information supplied by FT Interactive Data.


   D