Net Asset Value(s)

MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the
Company at the close of business on 4 January 2008 was as follows:

With debentures at par value: 434.16 pence per share

With debentures at fair value: 414.73 pence per share

The fair value of the debentures has been estimated using information supplied
by FT Interactive Data.