JAPAN RES INV CO : Notification of reconvened AGM

NEWS RELEASE

Japan Residential Inv. Co. Ltd

3 April 2008

Japan Residential Investment Company Limited ("the Company")

NOTIFICATION OF RECONVENED AGM

JAPAN RESIDENTIAL INVESTMENT COMPANY LIMITED ( "the Company")

Annual Report and Notice of AGM

Japan Residential Investment Company Limited (AIM: JRIC), advises shareholders

that the Annual Report & Accounts of the Company for the year ended 30 November

2007 were posted to shareholders yesterday.

The Annual Report & Accounts includes a notice of the reconvened Annual General

Meeting of the Company ("AGM") to be held at the offices of Investec

Administration Services, Investec House, La Plaiderie, St PeterPort, Guernsey

GY1 3BJ on 30 April 2008 at 13:00.

Shareholders will be required to vote on all the resolutions to be proposed at

the AGM. These resolutions are set out below:

1. To receive and adopt the Financial Statements and Directors' Report for the

year ended 30 November 2007

2. To re-appoint Mr Raymond Apsey as a director of the Company

3. To re-appoint Mr Peter Atkinson as a director of the Company

4. To re-appoint Mr Paul Hammerstad as a director of the Company

5. To re-appoint Mr Gregory Shenkman as a director of the Company

6. To re-appoint Ernst & Young LLP as auditors of the Company

7. To authorise the directors to fix the remuneration of the Company's auditors

Enquiries:
K.K. Halifax Asset Management	Fairfax I.S. PLC	Smith & Williamson Corporate Finance Limited
Alec Menikoff	John Korwin-Szymanowski	Azhic Basirov
[phone]	[phone]	[phone]