COMPANY ANNOUNCEMENT
                                    
                   Genesis Malaysia Maju Fund Limited
                                    
1st March, 2004

The  Directors  of  Genesis Malaysia Maju Fund  Limited  would  like  to
announce that the Company's Net Asset Value per share was $42.07  as  at
the 27th February 2004.

Enquiries :

Genesis Investment Management Limited        Martyn Ryan
                                             Phone + 44 (0) 20 7201 7200
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