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 01 August 2014 was as follows:

With debentures at par value: 240.71 pence per share

The debentures at fair value: 226.63 pence per share                                                                               
                                                                                
The net asset value published is on a cum-income basis (calculated
using income and expenditure estimates). The fair value of debentures
is calculated by using the yield of UK Treasury Bonds of an equal
duration plus 2.5% risk premium. The Board sees this mechanism as
transparent, market related and consistent with best practice.                                                                               
                                                                                                                        
04 August 2014