GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                          FURTHER RE NAV ANNOUNCEMENT

16th May 2006

Genesis Malaysia Maju Fund Limited

The Directors of Genesis Malaysia Maju Fund Limited would like to advise
that the Net Asset Value announced this morning of $44.26 has been calculated
for the first time on the basis of bid prices. Hitherto, mid-market prices have
been used and as an indication only, the Net Asset Value would have been $44.52
had mid-market prices been used in this calculation.

Enquiries           Genesis Investment Management LLP

Martyn Ryan      + 44 (0) 20 7201 7200
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