BB40 Genesis Maly.Pf

    28th January, 2005

Genesis Malaysia Maju Fund Limited ("GMMF")

The Directors of GMMF announce that they have been informed of the following
positions in the outstanding share capital of the Company, being 1,521,022 
Participating Preference Shares.

  1.   Current interests of 3% or more, together with the date upon which the
     Company became aware of such holding:

    Notifying Party   Interested Party      No.of       Percentage     Date
                                            Shares      Holding

    HSBC Nominees     Sarasin Investment    152,101     10.0%          01/01/2002
                      Management

    Lazard & Co.      Lazard Asset          283,400     18.6%          01/02/2002
                      Management

    Nortrust          Advance Developing    207,000     13.6%          01/06/2002
    Nominees          Markets

    CSFB Nominees     Metage Capital        297,965     19.6%          01/06/2002

    State Street      Reliance Insurance    135,000     8.9%           01/06/2003
    Nominees

    Charlemagne       Charlemagne Capital   78,436      5.2%           10/01/2005
    Capital
     
  2.   Notified interests of 3% or more that have since been reduced to below 3%,
     together with the date that the Company became aware of such holding as well as
     the date that the interest was no longer notifiable:
 
Notifying Party      Interested Party       Date originally      Date no longer
                                            aware                notifiable
                                                    
Vidacos Nominees     Deutsche Bank          02/01/2002           29/05/2002
                                                    
Bank of New York     Harvard Management     02/01/2002           23/10/2003
Nominees           
                                 
Mellon Nominees      City of London Inv.    11/01/2002           10/02/2003
                     Management                         


     There are no interests in GMMF held by any Genesis Group advised clients.
     
     Enquiries:          Martyn Ryan
     Telephone:          + 44 (0)20 7201 7200

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