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 17 May 2013 was as follows:

With debentures at par value: 228.95 pence per share

With debentures at fair value: 210.27 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 by reference to the redemption yields of a similar company's
debt instrument, with an appropriate margin spread added.

20 May 2013