MAJEDIE INV PLC

Net Asset Value • May 27, 2020

National Storage Mechanism | Additional information

RNS Number : 1050O

Majedie Investments PLC

27 May 2020

Majedie Investments PLC

Legal Entity Identifier: 2138007QEY9DYONC2723

27 May 2020

Net Asset Value (NAV)

The unaudited net asset value per share at the close of business on 26 May 2020 was as follows:

With debentures at par value: 242.32 per share

With debentures at fair value: 233.68 per share

The net asset value published is on a cum-income basis and the net asset value is calculated on 53,027,638 ordinary shares, being the number of shares in issue.  It also incorporates a valuation change to the investment in Majedie Asset Management Limited as detailed in the 31 March 2020 Half-Yearly Financial Report which was released this morning.

The fair value of March 2025 debenture is calculated by using the yield of UK Treasury Bonds of an equal duration plus a 2.5% risk premium.  The Board sees this mechanism as transparent, market related and consistent with best practice.

Enquiries

William Barlow

Majedie Investments PLC

Ph: 020 7382 8185

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