Majedie Investments PLC

Publication of a Circular and Notice of a General Meeting

Majedie Investments plc (the "Company") has today published a circular (the "Circular") including notice of a general meeting (the " General Meeting"), to be held at City of London Club, 19 Old Broad Street, London EC2N 1DS on 25 January 2023 at 11.45 a.m., at which Shareholders will be asked to approve the New Investment Objective and Policy.

Background

On 10 November 2022, the Board announced that, following an extensive review of the Company's investment management arrangements, the Company had entered into a conditional agreement to appoint Marylebone Partners LLP ("Marylebone Partners") as the Company's investment manager. The Board further announced that, in connection with the proposed appointment of Marylebone Partners and subject to Shareholder approval, the Board was proposing to amend the Company's investment objective and policy to follow a liquid endowment investment strategy.

The purpose of the Circular is to set out further detail on the New Investment Objective and Policy and the proposed appointment of Marylebone Partners (the "Proposals"), and to convene a general meeting of the Company (the "General Meeting").

The Proposals

A resolution will be proposed at the General Meeting to approve the New Investment Objective and Policy (the "Resolution").

The appointment of Marylebone Partners as the Company's investment manager is conditional upon Shareholders voting in favour of the Resolution to adopt the New Investment Objective and Policy at the General Meeting.

The Board considers that the Proposals and the Resolution to be proposed at the General Meeting are in the best interests of the Company and its Shareholders as a whole. Accordingly, the Board unanimously recommends that Shareholders vote in favour of the Resolution.

Expected Timetable

Latest time and date for receipt of Forms of Proxy from shareholders                                       11.45 a.m. on 23 January 2023

General Meeting                                                                                                                            11.45 a.m. on 25 January 2023

Results of General Meeting announced                                                                                                                 25 January 2023

Subject to shareholder approval Marylebone Partners' appointment as investment manager will take effect from 11.59 p.m. on 25 January 2023 and its appointment as AIFM is expected to take place in Q2 2023.

Availability of the Circular

The Circular is being posted to Shareholders today.

A copy of the Circular will shortly be available to view on the Company's website at www.majedieinvestments.com. In accordance with LR 9.6.1R, a copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Defined terms in the announcement have the same meaning as set out in the Circular.

For further information please contact:

Majedie Investments PLC             +44 (0)20 7382 8185

William Barlow

J.P. Morgan Cazenove                 +44 (0)20 7742 4000

William Simmonds

Rupert Budge

LEI: 2138007QEY9DYONC2723