Interim Management Statement

    Interim Management Statement



GENESIS MALAYSIA MAJU FUND LIMITED (the "Company")

This announcement replaces the Interim Management Statement announcements released on 
19 May 2008 at 16:21 and at 16:30. The Performance Summary has been amended 
in relation to the announcement released at 16:21; all other details remain the same. 
The announcement released at 16:30 had been Headlined to the incorrect entity
and is considered cancelled upon this release.


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

20th 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$67.17 on 15th May 2008, a decline of 13%. 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]


END