Final Results

    GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                                   PRELIMINARY ANNOUNCEMENT


The Directors of Genesis Malaysia Maju Fund Limited announce the following results 
for the year ended 31 December 2005. They do not recommend the payment of a dividend.

                                                                   2005           2004
                                                                    US$            US$
                                                   
Total net assets                                              US$55,400,903  US$59,313,864
                                                   
Net assets per Participating Share                                 36.42          38.99
                                             
Total deficit)/income per Participating                            (2.57)          1.09
Share


Comment

In  the  twelve  months to 31st December, 2005, the Funds Net Asset Value per share in US dollars fell 6.2% to $36.59
as calculated using mid market valuations.  Over the same period, the Kuala Lumpur Stock Exchange Index expressed in US
dollars fell 0.3%. The reasons for this are much the same as six months  ago when I last reported to Shareholders, and
have resulted from a further de-rating of smaller capitalisation stocks compared with their larger counterparts.

Malaysias economy grew steadily in 2005, expanding 5.3%. This is not a bad outcome during a time of slight fiscal
contraction, although it may feel unsatisfactory to Malaysians compared with the 7.1% rate of growth in 2004. In 2005
(and indeed for the last five years)the consumer has been generating much
of the impetus behind the expansion, helped more recently by growth in electronics exports and the price  of oil. 
Employment and interest rates (overnight policy rate) are steady and in low single digits.

Recent portfolio activity has tended to increase the proportion of smaller companies in the Fund. This is where the
better value is to be found, and it is also where growth is stronger. Largely beneath the radar of most outsiders, it is
noticeable that a number of Malaysian companies are buying back shares, and a
number are involved in mergers, so we are not alone in perceiving value among certain share prices. It is interesting in
this context that one of the  Funds holdings, Southern Bank, has recently been the subject of the first aggressive
takeover bid that your Manager has seen in Malaysia.


                                      By Order of the Board


GORDON YOUNG
Chairman
22nd March, 2005




                                        
                                        
                                    GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                                   PRELIMINARY ANNOUNCEMENT (continued)

                                          FINANCIAL HIGHLIGHTS
                                                                                
                                                                                
                                        
                                                31 December    31 December
                                                   2005           2004
                                                    US$            US$
                                                   
                                                   
Total net assets                                 55,400,903     59,313,864
                                                   
Realised gains                                    2,663,262      2,925,098
                                                   
Unrealised losses                                (6,845,061)    (1,682,791)
                                                   
Net exchange gains/(losses)                          20,986        (4,483)
                                                   
Income from dividends and interest                1,974,236      2,046,225
                                                                       
Gross (deficit)/ income                          (2,186,577)     3,284,049
                     
Expenses                                         (1,295,026)    (1,180,944)
                                                               
(Deficit)/income before taxation                 (3,481,603)     2,103,105               
                                                                       
Taxation                                           (431,358)      (436,906)        
                                                  
Total(deficit)/income attributable to                       
Participating Shareholders                       (3,912,961)    (1,666,199)
                                                 __________________________


                                                   
Total(deficit)/gain per Participating Share           (2.57)          1.09                             
                                                   
Net Assets per Participating Share                    36.42          38.99
                 
                           
                                                   
STATEMENT OF CASH FLOWS        
                                                   
Investment income and interest received             1,533,971      1,653,223    

Expenses paid out of revenue                         (487,010)      (459,832)

Purchase of investments                           (12,436,338)   (16,509,699)
                                 
Sale of investments                                13,636,914     17,451,445
                       
Expenses paid out of capital                         (545,836)      (710,514)
                           
    
                                        
                                        
                                        
                                  GENESIS MALAYSIA MAJU FUND LIMITED
                                        
                                 PRELIMINARY ANNOUNCEMENT (continued)

                                        
                                        
                                                   31 December     31 December
                                                      2005           2004
                                                       US$            US$
                                                    
Net Cash Inflow from Operating                
Activities for the Year                             1,701,701       1,424,623
                                                   
Exchange gain/(losses)                                 20,986         (4,483)                         
                                
Net liquid funds at the                             
beginning of the year                               2,590,431       1,170,291
                                                   
Net liquid funds at the year end                   $4,313,118     $2,590,431

                                                           
BALANCE SHEET                                              
                                                           
FIXED ASSETS                            
Investments at valuation                           52,807,741     57,304,633
                                                           
CURRENT ASSETS                                      4,392,525       2,660,963
                                                           
CURRENT LIABILITIES                                (1,799,363)      (651,732)
                                                           
NET CURRENT ASSETS                                  2,593,162       2,009,231
                                                           
NET ASSETS                                        $55,400,903     $59,313,864
                                                  ===========     ===========

CAPITAL AND RESERVES   
                                    
Called-up Share Capital                                26,000         26,000
Share premium                                      13,736,332     13,736,332
Capital Reserve                                    32,781,191     37,752,152
Revenue Account                                     8,857,380      7,799,380
                                                           
                                                           
SHAREHOLDERS' FUNDS                               $55,400,903     $59,313,864
                                                  ===========     ===========