MAJEDIE INV PLC

Transaction in Own Shares • Jan 16, 2019

National Storage Mechanism | Additional information

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RNS Number : 3024N

Majedie Investments PLC

16 January 2019

16 January 2019

Majedie Investments PLC

Share buy-back programme

Majedie Investments PLC (the Company) is amending its disclosure policy to include on a regulatory information services, details of its share buyback powers which it renews annually. It is expected that similar announcements will be made on each occasion that the share buyback authority is renewed.

The Company announces that it has the authority to repurchase a maximum of 8,010,506 of its ordinary shares (being the outstanding shareholder authority). Such authority expires once the next shareholder authority is granted, or where it has been expressly revoked by shareholders. The buyback may be funded from the Company's resources (including redemptions on funds, which the Company has invested in and debt facilities). No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares, pursuant to the buy-back, which would equate to a premium on the net asset value.

The Company has appointed J.P. Morgan Securities plc to act as its broker in respect of the buy-back.

The buy-back will be undertaken pursuant the Company's discount management programme.

This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company's general authority to repurchase shares.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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