MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the
Company at the close of business on 24 January 2014 was as follows:

With debentures at par value: 239.92 pence per share

The debentures at fair value: 222.46 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.


27 January 2014