MAJEDIE INVESTMENTS PLC
The unaudited consolidated net asset value of the Ordinary shares of the Company at the close of business on 25 May 2012 was as follows:
With debentures at par value: 214.95 pence per share
With debentures at fair value: 198.14 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 by reference to the redemption yields of a similar company's debt instrument, with an appropriate margin spread added.
28 May 2012
