COMPANY ANNOUNCEMENT
                                        
                       Genesis Malaysia Maju Fund Limited
                                        
                             Ten Largest Investments
                                        
                                        
30th June, 2004

The  Directors  of the Genesis Malaysia Maju Fund Limited announce  that  the
following were the ten largest holdings as at 30th June, 2004:

Transmile Group
CIMB
Telekom Malaysia
OYL Industries
British American Tobacco
MK Land Holdings
John Hancock Life Insurance
IOI Corporation
Southern Bank
Wah Seong

There were no other holdings of more than 5% of the portfolio.


Enquiries :


Genesis Investment Management LLP       Charles Zorab
                                        Phone + 44 (0) 20 7201 7200
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