Directors' Dealings

Majedie Investments PLC
17 December 1999

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

MAJEDIE INVESTMENTS PLC

2)  NAME OF DIRECTOR

WILLIAM G. UNDERWOOD

3)  Please state whether notification indicates that it is in respect of
    holding of the Director named in 2 above or holding of that person's
    spouse or children under the age of 18 or in respect of a non-beneficial
    interest

DIRECTOR'S OWN HOLDING

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

W.G. UNDERWOOD

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)



6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

ISSUE OF SHARES ON EXERCISE OF SHARE OPTIONS

7)  Number of shares/amount of
    stock acquired

20,000

8)   (0.04 % )
    of issued Class

9)  Number of shares/amount
    of stock disposed



10)  (    % )
   of issued Class

11) Class of security

10P ORDINARY SHARES

12) Price per share

216P

13) Date of transaction

16.12.99

14) Date company informed

16.12.99

15) Total holding following this notification
BENEFICIAL      50,000
NON BENEFICIAL    NIL


16) Total percentage holding of issued class following this notification

BENEFICIAL     0.09%
NON BENEFICIAL   NIL

     IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE
                    COMPLETE THE FOLLOWING BOXES

17) Date of grant

7.12.95

18) Period during which or date on which exercisable

7.12.98  -  6.12.05

19) Total amount paid (if any) for grant of the option

£1.00

20) Description of shares or debentures involved: class, number.

10P ORDINARY SHARES

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

216P (FIXED AT TIME OF GRANT)

22) Total number of shares or debentures over which options held
    following this notification

NO SHARE OPTIONS REMAINING

23) Any additional information



24) Name of contact and telephone number for queries

ROBERT CLARKE - 0171 626 1243

25) Name and signature of authorised company official responsible for
    making this notification

    Date of Notification..17 DECEMBER 1999........