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 22 January 2010 was as follows:

With debentures at par value: 244.07 pence per share

With debentures at fair value: 231.81 pence per share

The net asset value is ex the 2009 final dividend totalling 6.3 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.