Issue of Debt

Majedie Investments PLC
18 May 2000

                    Issue of £25,000,000 Debenture Stock 2025
                                 (the 'Stock')

The Directors of Majedie Investments PLC (the 'Company'), an investment trust
company, today announce that the Company is to create £25,000,000 7.25 per cent
Debenture Stock 2025 which has been provisionally placed on its behalf.

The issue is being arranged by Dresdner Kleinwort Benson, acting as sole lead
manager, underwriter and listing agent for the issue.

The Stock will be secured by a floating charge over the whole of the Company's
property and undertakings, ranking pari passu with Company's 9.50 per cent
Debenture Stock 2020 currently in issue.  The gross redemption yield on the
Stock was fixed at 10 a.m. at a margin of 2.50 per cent over the semi-annual
yield of the 8 per cent Treasury Stock 2021.  The issue price of the Stock was
99.082 per cent which is payable on 26 May 2000.  The gross redemption yield of
the Stock at issue was 7.332 per cent semi-annual.  Interest on the Stock will
be payable semi-annually in arrear.

Application will be made to the London Stock Exchange for admission of the Stock
to the Official List.  It is expected that listing will be granted and that
official dealing will commence on or about 30 May 2000.

In connection with the issue of the Stock, Dresdner Kleinwort Benson may
over-allot or effect transactions on the London Stock Exchange which stabilise
or maintain the market price of the Stock at levels which might not otherwise
prevail.  Such stabilising, if commenced, may be discontinued at any time.

In this notice Dresdner Kleinwort Benson means Dresdner Bank AG London Branch.

For further information, please contact:

Dresdner Kleinwort Benson               Bob Curry       020 7475 6072
Majedie Investments PLC                 Robert Clarke   020 7626 1243