Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Japan Residential Investment Company Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

No

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

Yes

Other (please specify):

No

3. Full name of person(s) subject to the notification obligation:

Miton Group plc

4. Full name of shareholder(s)

(if different from 3.):

See section 9 below

5. Date of the transaction and date on which the threshold is crossed or reached:

25/10/2013

6. Date on which issuer notified:

29/10/2013

7. Threshold(s) that is/are crossed or

reached:

Was 17.90%, Now 15.84%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

GG00B1FB3X85

33,569,000

33,569,000

33,569,000

n/a

33,569,000

n/a

15.84%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

 n/a

n/a

n/a

n/a

n/a

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

 33,569,000

15.84%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

CF Miton Special Situation

Bank of New York Nominees

Ltd a/c 392474

16,875,000

CF Miton Strategic Portfolio

Bank of New York Nominees Ltd a/c 391993

13,850,000

CF Miton Total Return Fund

Bank of New York Nominees Ltd a/c 392449

680,000

Miton Global Diversified Income Fund

BNY Custodial Nominees (Ireland) Limited a/c 391674

225,000

CF Miton Worldwide Opportunities Fund

Bank of New York Nominees Ltd a/c 391998

389,000

Miton Worldwide Growth Investment Trust

Bank of New York Nominees Ltd a/c 178055

1,550,000

Proxy Voting:

10. Name of the proxy holder:

 n/a

11. Number of voting rights proxy holder will cease to hold:

n/a

12. Date on which proxy holder will cease to hold voting rights:

 n/a

13. Additional information:

Miton Capital Partners Ltd

and

Miton Asset Management Ltd

are both subsidiaries of Miton Group plc

14. Contact name:

 Ian Borrows

15. Contact telephone number:

 0151 906 2476