Portfolio Update

MAJEDIE INVESTMENTS PLC

In accordance with UKLA Listing Rule 15.4.11(2), the following list represents
as at 30 June 2007, the Company's 10 largest investments and where appropriate,
any investment with a value greater than 5% of the Company's gross assets:

Name of Company                     Class of Share    
                                                      
Phorm                               Common            
                                                      
First Quantum Minerals              Common            
                                                      
Accsys Technologies                 Ordinary          
                                                      
Barclays                            Ordinary          
                                                      
HSBC Holdings                       Ordinary          
                                                      
MEO Australia                       Ordinary          
                                                      
Majedie Asset Management UK Opps    A' Units          
                                                      
Royal Bank of Scotland Group        Ordinary          
                                                      
Lloyds TSB Group                    Ordinary          
                                                      
United Utilities                    Ordinary