BB40 Genesis Maly.Pf

    GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                              INTERIM ANNOUNCEMENT

The  Directors of Genesis Malaysia Maju Fund Limited announce unaudited  results
for the period ended 30th June, 2006 as follows:

                                                    2006          2005
                                                     US$           US$
                                                   
Total    net    assets    for                 63,108,835    56,315,286
Participating      Preference                      
Shares                                             
                                                                                       
Net  assets per Participating                      41.49         37.02           
Preference Share                                   
                                                 
Net   income  (deficit)   per                       5.07         (1.97)            
Participating Share                  
                               

COMMENT

In  the six months to June 30th, 2006, the Fund's Net Asset Value per share rose
by  13.9%  to  US$41.49.  Over the same period the Kuala Lumpur  Stock  Exchange
(KLSE)  index  expressed  in  US  Dollars  rose  4.6%.  The  total  income   per
Participating  Preference  Share was US$5.07. The  Directors  do  not  recommend
payment of a dividend.

Malaysia's  economy  has  maintained  its upward  momentum  so  far  this  year,
propelled  by the same forces that were at work last year- manufactured  exports
and  consumption related services. Inflation has risen (June's  CPI  figure  was
3.9%),  as  the government has adjusted domestic petrol prices to  the  rise  in
global oil prices. Although the construction sector continued to shrink slightly
in the period, this should reverse as the Ninth Malaysia Plan has promised a 30%
increase in the development budget.

Political uncertainty has arisen following the vocal criticism of Prime Minister
Badawi  by  his predecessor Dr Mahathir. This has highlighted the difference  in
leadership  styles and the resulting atmosphere of uncertainty is not  conducive
to  investment.  Nevertheless, valuations are reasonable both intrinsically  and
against a regional comparison, and the first half witnessed probably the largest
foreign  takeover  of  a  Malaysian company for a  price  approaching  30  times
earnings. The portfolio therefore disposed of its holding in OYL Industries  and
found no difficulty investing the proceeds as attractive valuations can still be
found among the smaller Malaysian companies.


                              By Order of the Board

                   HSBC Securities Services (Guernsey) Limited

31st August, 2006

                                        
                       GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                        INTERIM ANNOUNCEMENT (continued)

                                                   APPENDIX
                                                                                
                                        
                                              2006           2005
                                              US$            US$
FINANCIAL HIGHLIGHTS                                           
                                                               
Total net assets                           63,108,835      56,315,286
                                             
                                                               
Dividend income                             1,177,357         967,545
                                                               
Interest income                                25,023           2,416
                                                               
Gross income                                1,202,380         969,961
                                                               
Net income (deficit) for the year           7,707,932      (2,998,578)
                                                               
Net  income  (deficit)  per Participating        5.07           (1.97)Share                                             
                                                                      
Net assets per Participating Share              41.49           37.02
                                                               
STATEMENT OF CASH FLOWS                                        
                                                               
Investment income received                    767,757         710,982
                                                               
Interest received                              23,837           1,757
                                                               
Expenses paid out of revenue                 (410,174)       (272,950)
                                                               
Purchases of investments                  (10,174,671)     (4,120,077)
                                             
                                                               
Sales of investments                        8,484,721       3,713,242
                                                               
Expenses paid out of capital                 (544,313)       (307,384)
                                                               
Net Cash Outflow                          $(1,852,843)      $(274,430)
                                         

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