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 January 2014 was as follows:                 
                                                                                    
With debentures at par value: 244.18 pence per share                                
                                                                                    
The debentures at fair value: 226.63 pence per share                                
                                                                                    
Following the announcement on 13 January the NAV reflects a write down for          
Javelin Capital LLP of £1.8m and an uplift for the sale of shares in Majedie        
Asset Management Limited of £0.9m.                                                  
                                                                                    
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 January 2014