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 7 September 2007 was as follows:

With debentures at par value: 435.83 pence per share

With debentures at fair value: 419.55 pence per share

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