Portfolio Update

MAJEDIE INVESTMENTS PLC

In accordance with UKLA Listing Rule 15.6.8R(2), the following list represents
as at 31 December 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                  
                                                               
MEO Australia                          Ordinary                
                                                               
Accsys Technologies                    Ordinary                
                                                               
HSBC Holdings                          Ordinary                
                                                               
United Utilities                       Ordinary                
                                                               
Barclays                               Ordinary                
                                                               
Majedie Asset Management UK Opps       A' Units                
                                                               
Vodafone                               Ordinary                
                                                               
International Ferro Metals             Ordinary