MAJEDIE INVESTMENTS PLC

The unaudited consolidated net asset value of the Ordinary shares of the Company at the close of business on 06 May 2016 was as follows:

With debentures at par value: 277.86 pence per share

The debentures at fair value: 261.26 pence per share

The net asset value published is on a cum‑income basis (calculated using income and expenditure estimates). Additionaly the net asset value is calculated on 53,439,000 ordinary shares, being the number of shares in issue.

The fair value of debentures is calculated by using the yield of UK Treasury Bonds of an equal duration plus 2.5% risk premium. The Board sees this mechanism as transparent, market related and consistent with best practice.

09 May 2016

Majedie Investment plc published this content on 09 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 May 2016 23:16:35 UTC.

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