Final Results

    GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                            PRELIMINARY ANNOUNCEMENT


The  Directors  of Genesis Malaysia Maju Fund Limited announce results  for  the
year ended 31 December 2004 as follows:

                                            2004           2003
                                             US$            US$
                                                   
Total net assets                         US$59,313,864  US$57,647,665
                                                   
Net assets per Participating Share          38.99          37.89

Total return per Participating Share         1.09           9.99


Comment

The  Funds  Net  Asset Value per share rose 2.9% in US dollars  in  2004.  This
performance was below the 14.3% increase in the Kuala Lumpur Composite Index  in
the same period, and continued a trend that was perceptible in the first half of
the year that favoured large capitalisation stocks over smaller ones. We believe
this  to be a temporary phenomenon and that the investment appeal of the smaller
companies in Malaysia remains undiminished.

The  environment continues to be very supportive of private companies,  whatever
their  size.  The  economy has been powered by two engines, namely  exports  and
domestic  demand, resulting in a rate of economic growth in 2004 that is  likely
to  exceed  7%.  The  main drivers in the domestic economy are  nicely  balanced
between  continued consumer spending (particularly on real assets such  as  cars
and  property) and investment, as suggested by indicators such as capital  goods
imports and growth in loans to businesses.

Corporate  results released so far for 2004 are in line or better than expected,
and  2005 promises to be another strong year, boosted in particular by  the  oil
and gas sector, demand for residential property and consumer spending. Corporate
activity  is  also starting to make itself felt, so far largely in the  form  of
restructuring, the buyout of minority interests and insider purchases. In  other
words, we are not alone in finding the investment opportunities attractive.



                              By Order of the Board

GORDON YOUNG
Chairman
28 April, 2005
                                        
                                        
                       GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                       PRELIMINARY ANNOUNCEMENT (continued)

                              FINANCIAL HIGHLIGHTS
                                                                                
                                                                                
                                             31 December 2004    31 December 2003
                                                    US$                US$
                                                   
                                                   
Total net assets                                 59,313,864          57,647,665
                                                   
Dividends and bond interest                       2,045,168           1,856,206
                                                   
Deposit interest                                      1,057                  73
                                                   
Gross income                                      2,046,225           1,856,279
                                                   
Revenue return for the year                       1,145,775             890,334
                                                   
Capital return for the year                         520,424          14,302,876
                                                   
Net assets per Participating Share                    38.99               37.89
                                             
Total return per Participating Share                   1.09                9.99
                                                   
STATEMENT OF CASH FLOWS        
                                                   
Investment income and interest received           1,653,223           1,345,602

Expenses paid out of revenue                       (459,832)           (415,652)
                                  
Purchase of investments                         (16,509,699)        (31,386,615)
                       
Sale of investments                              17,451,445          30,867,055
                            
Expenses paid out of capital                       (710,514)           (585,029)

 
Net Cash (Outflow) Inflow                       
from Operating Activities for the Year            1,424,623            (174,639)
                                                   
Exchange losses                                      (4,483)             (2,400)
                       
Net liquid funds at the beginning of the year     1,170,291           1,347,330
                                   
Net liquid funds at the year end                 $2,590,431          $1,170,291
                     


                                        
                       GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                      PRELIMINARY ANNOUNCEMENT (continued)

                                  BALANCE SHEET
                                        
                               31 December     31 December
                                   2004            2003
                                    US$             US$
                                                           
FIXED ASSETS                                               
Investments at valuation        57,304,633     56,921,744
                                                           
CURRENT ASSETS                   2,660,963      1,581,334
                                                           
CURRENT LIABILITIES               (651,732)      (855,413)
                                                           
NET CURRENT ASSETS               2,009,231        725,921
                                                           
NET ASSETS                      59,313,864     57,647,665
                                __________     __________
                                                           
CAPITAL AND RESERVES                                       
Called-up Share Capital             26,000         26,000
Share premium                   13,736,332     13,736,332
Capital Reserve                 37,752,152     37,231,728
Revenue Account                  7,799,380      6,653,605
                                                           
                                                           
SHAREHOLDERS' FUNDS             59,313,864     57,647,665
                                __________     __________