COMPANY ANNOUNCEMENT
                                        
                       Genesis Malaysia Maju Fund Limited
                                        
                             Ten Largest Investments
                                        
                                        
1st October, 2004

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

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


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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