Holding(s) in Company

TR-1 (i) NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):

Majedie Investments Plc

2. Reason for the notification                                        State    
                                                                     Yes/No    
                                                                               
An acquisition or disposal of voting rights                            Yes     
                                                                               
An acquisition or disposal of financial instruments which may                  
result in the                                                                  
acquisition of shares already issued to which voting rights are                
attached                                                                       
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):                                                        

3. Full name of person(s) subject to the notification obligation   AXA S.A. 25 
(iii):                                                               Avenue    
                                                                    Matignon,  
                                                                   75008 Paris 
                                                                  and its group
                                                                  of companies 
                                                                               
4. Full name of shareholder(s) (if different from 3.) (iv):                    
                                                                               
5. Date of the transaction (and date on which the threshold is    21 March 2007
crossed                                                                        
or reached if different) (v):                                                  
                                                                               
6. Date on which issuer notified:                                 23 March 2007
                                                                               
7. Threshold(s) that is/are crossed or reached:                        14%     
                                                                               
8. Notified details:                                                           

A: Voting rights attached to shares

Class/type of Situation previous    Resulting situation after the triggering   
   shares             to                        transaction (vii)              
 if possible    the Triggering                                                 
  using the    transaction (vi)                                                
  ISIN CODE                                                                    
                                                                               
               Number    Number    Number    Number of voting    % of voting   
                 of        of        of        rights (ix)          rights     
               Shares    Voting    shares                                      
                         Rights                                                
                         (viii)                                                
                                                                               
                                   Direct    Direct   Indirect Direct  Indirect
                                               (x)      (xi)                   
                                                                               
  Ordinary    7,395,079 7,395,079 7,145,079 7,145,079 160,000   13.60    0.30  
   shares                                                                      
                                                                               

B: Financial Instruments

Resulting situation after the triggering transaction (xii)

   Type of     Expiration       Exercise/        Number of voting       % of   
  financial    date (xiii)      Conversion      rights that may be     voting  
 instrument                 Period/ Date (xiv)    acquired if the      rights  
                                                    instrument                 
                                                   is exercised/               
                                                     converted                 
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 % of voting rights                     
                                                                               
7,305,079                               13.91                                  

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are
effectively held, if applicable (xv):

   Name of the Company/Fund       Number of Shares    % of issued share capital
                                                                               
Sun Life Unit Assurance Ltd A/       6,723,119                 12.7991         
c X                                                                            
                                                                               
            Direct                                                             
                                                                               
Sun Life Pensions Management          340,000                  0.64727         
Ltd A/c                                                                        
                                                                               
            Direct                                                             
                                                                               
Sun Life Pensions Management           48,100                  0.09157         
Ltd                                                                            
                                                                               
            Direct                                                             
                                                                               
Sun Life Unit Assurance Ltd            5,652                   0.01076         
FTSE All Share Tracker                                                         
                                                                               
            Direct                                                             
                                                                               
Sun Life Pensions Management           21,821                  0.04154         
FTSE All Share Tracker                                                         
                                                                               
            Direct                                                             
                                                                               
AXA Framlington Financial             160,000                  0.30460         
                                                                               
           Indirect                                                            
                                                                               
AXA Winterthur                         6,387                   0.01216         
                                                                               
            Direct                                                             
                                                                               
                  Total Direct       7,145,079                13.60242         
                                                                               
                Total Indirect        160,000                  0.30460         
                                                                               
                         Total       7,305,079                13.90702         
                                                                               

Proxy Voting:


10. Name of the proxy holder:                                                  
                                                                               
11. Number of voting rights proxy holder will cease to hold:                   
                                                                               
12. Date on which proxy holder will cease to hold voting                       
rights:                                                                        

13. Additional information:                                                    
                                                                               
14. Contact name:                                             Terry Marsh      
                                                                               
15. Contact telephone number:                                 020 7003 2637    

Annex Notification Of Major Interests In Shares (xvi)


A: Identity of the person or legal entity subject to the                       
notification obligation                                                        
                                                                               
Full name (including legal form for legal entities)                            
                                                                               
Contact address (registered office for legal entities)                         
                                                                               
Phone number                                                                   
                                                                               
Other useful information (at least legal representative for                    
legal persons)                                                                 
                                                                               
B: Identity of the notifier, if applicable (xvii)                              
                                                                               
Full name                                                                      
                                                                               
Contact address                                                                
                                                                               
Phone number                                                                   
                                                                               
Other useful information (e.g. functional relationship with                    
the person                                                                     
or legal entity subject to the notification obligation)                        

C: Additional information