Japan Residential Investment Company Limited ("the Company")

Change of Registered Office

The Company announces that the name of its administrator has changed to Praxis Property Fund Services Limited ("Praxis"). Praxis has also confirmed that, with immediate effect, the registered office of the Company has changed to:

Sarnia House
Le Truchot
StPeterPort
Guernsey
GY1 4NA

Tel: +44 (0)1481 737 600

Fax: +44 (0)1481 749 829

Enquiries

K.K. Halifax Asset Management

Alec Menikoff

+81 (0)3 5408 8784

Fairfax I.S. PLC

John Korwin-Szymanowski

+44 (0)20 7460 4376

Smith & Williamson Corporate Finance Limited

Azhic Basirov

+44 (0)20 7131 4000

13 March 2009

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