For immediate release

24th May 2007

                              COMPANY ANNOUNCEMENT


Genesis Malaysia Maju Fund Limited


TR-1 : NOTIFICATION OF MAJOR INTERESTS IN SHARES
  
1.  Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:        Genesis Malaysia Maju Fund Limited

2.  Reason for the notification (yes/no)

    An acquisition or disposal of voting rights                               NO

    An acquisition or disposal of financial instruments which may result
    in the acquisition of shares already issued to which voting rights are
    attached                                                                  NO

    An event changing the breakdown of voting rights                          NO

    Other (please specify):                                                  YES
    Initial Notification - DTR 5.1.5

3.  Full name of person(s) subject to the notification obligation:
    City of London Investment Management Company Limited

4.  Full name of shareholder(s) (if different from 3.):


5.  Date of the transaction (and date on which the threshold is crossed or
    reached if different):  24th May, 2007

6.  Date on which issuer notified:  24th May, 2007

7.  Threshold(s) that is/are crossed or reached:  10%

8.  Notified details:

A.  Voting rights attached to shares

Class/type of shares: (if possible using the ISIN CODE):
GB0003678918

Situation previous to the Triggering transaction
Number of Shares:  n/a
Number of Voting Rights:  n/a

Resulting situation after the triggering transaction
Number of shares:
Number of voting rights - Direct:  0
Number of voting rights - Indirect :  170,337
% of Voting rights - Direct:  0%
% of Voting rights - Indirect:  11.20%

B.  Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument:
Expiration date:
Exercise / Conversion Period / Date:
Number  of  voting rights that may be acquired if the instrument is exercised  /
converted:
% of voting rights:

Total (A + B)
Number of voting rights:  170,337
% of voting rights:  11.20%


9.   Chain of controlled undertakings through which the voting rights and  /  or
the financial instruments are effectively held, if applicable:

All  Voting  Rights  on all Shares are controlled by City of  London  Investment
Management Limited.

Proxy Voting:

10.  Name of the proxy holder:  Held through City of London Investment
     Management Limited.
11.  Number of voting rights proxy holder will cease to hold:
12.  Date on which proxy holder will cease to hold voting rights:
13.  Additional Information:
14.  Contact name:  Jay McKenna
15.  Contact telephone number: Jay McKenna@CitLon.com
                               001-610-380-0121

End






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