Interim Management Statement

    Interim Management Statement
                                                       
                                                       
GENESIS MALAYSIA MAJU FUND LIMITED (the "Company")

Interim Management Statement - 1 January 2008 to 19 May 2008 (unaudited)

19th May 2008

This  statement  has been prepared to provide additional information to Shareholders
as a  body  to  meet  the relevant requirements of the UK Listing Authority's Disclosure 
and Transparency Rules. It should not be relied upon by any party for any purpose other 
than as stated above.

Genesis  Malaysia  Maju Fund Limited was incorporated with limited liability in Guernsey 
under  the  Companies Laws  on  24  January  1990 with registered number 21934 as a 
closed-ended investment company  which  has  the ability to issue additional shares. 
The Fund's shares are listed on the London Stock Exchange.


Investment Objective

The  investment objective of the Company is to seek long-term capital growth by investment 
in a professionally managed portfolio consisting primarily of securities 
(principally equity securities) in small to medium  sized companies in Malaysia.

The  Company  has  appointed Genesis Asset Managers, LLP to act as Investment Manager 
with responsibility  for providing  advice on the Company's investment portfolio, 
in accordance with the Company's investment objective and policy, subject to the overall 
supervision of the directors.


Market Update

Malaysian Stocks have had a torrid start to 2008. Global stock markets fell sharply at 
the start of the year (and smaller capitalization stocks suffered more than most), 
after which March's surprise election result, where the Government did much worse than expected, 
caused the Kuala Lumpur Stock Exchange to fall 10% in a single day. This was an extreme reaction, 
as shifts in the political landscape mainly affect short term sentiment rather than longer term 
business plans, while for Malaysia's development as a whole the greater level of political debate 
should lead to better governance. However, at the same time there have emerged considerable 
pressures on the fiscal budget from the higher price of oil due to Malaysia's unreformed oil
subsidies. Thus some infrastructure projects may be cancelled or rescheduled to make way for 
the rising cost of insulating the population from global commodity prices.

Economic growth may be slightly slower in 2008 than last year, but as a producer of petroleum 
and palm oil - which are enjoying super-strong prices - the economy also benefits. In particular 
when palm oil and rubber prices are high there is a widespread improvement in household incomes 
because of the sheer number of people employed in the sector.


Performance Summary

The Fund's net asset value per share has fallen from US$77.15 at the start of the year 
to US$61.70 on 15th May 2008, a decline of 20%. Given the positive fundamentals in Malaysia 
the lower prices have uncovered considerable value, particularly among the smaller 
capitalization stocks. The outlook for the Fund is very positive, given strong earnings 
prospects for many of the companies represented in the portfolio, combined with very 
undemanding share price valuations.


For further information contact:

HSBC Securities Services (Guernsey) Limited
as Company Secretary

Miss Alison Bilham
Direct Tel: [phone]
Fax: [phone]
Email: [e-mail]


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