Director Shareholding

Majedie Investments PLC
20 February 2001


            Majedie Investments PLC ('the Company')


Following approval by the Company's shareholders at its Annual
General  Meeting  on  16 January 2001 of a  new  discretionary
share   option  scheme  for  senior  executives,  options   to
subscribe  for Ordinary Shares were awarded under that  scheme
at an exercise price of 361.5 pence on 14 February 2001 to the
following directors of the Company:


Director       Options to subscribe

Robert E Clarke     89,183
Gillian M Leates    62,623


Copies  of  the circular setting out the terms  of  the  share
option   scheme,   which   was   previously   circulated    to
shareholders, are available upon request from the Company.

Contact:

Robert  Clarke,  
Majedie Investments PLC  (Managing  Director)
020 7626 1243