Change of Administrator and Company Secretary

20 June 2011

Japan Residential Investment Company Limited ("the Company")

Change of Administrator and Company Secretary

Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan. The Company, its subsidiaries and entities in which it has a beneficial interest are referred to collectively as "the Fund".

With effect from 1 May 2011, the Company's administrator and company secretary has changed from Praxis Property Fund Services Limited to Praxis Fund Services Limited.

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