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 5 November 2010 was as follows:

With debentures at par value: 233.95 pence per share

With debentures at fair value: 220.23 pence per share

The net asset value published is on a cum-income basis (calculated using income
and expenditure estimates). Additionally the fair value of the debentures has
been estimated based on information supplied by FT Interactive Data.