MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the
Company at the close of business on 03 January 2014 was as follows:

With debentures at par value: 250.86 pence per share

The debentures at fair value: 233.31 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.


06 January 2014