AGM Statement

Majedie Investments PLC
16 January 2002

MAJEDIE INVESTMENTS PLC

Following the Annual General Meeting held today, the Company is pleased to
announce that all Ordinary Resolutions were passed by shareholders.

The shareholders also passed the Special Resolution as set out in the notice
of the Meeting authorising the Company generally for the purposes of Section
166 of the Companies Act 1985 to make market purchases of shares of 10p each
in the capital of the Company.

Enquiries:

Robert Clarke, Managing Director,  020 7626 1243.