JRIC.L Regulatory News (JRIC)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY RESTRICTED JURISDICTION (INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND AND JAPAN) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

24 October 2013

Japan Residential Investment Company Limited

(the "Company")

Completion of Placing

Japan Residential Investment Company Limited (AIM: JRIC) is an authorised closed-ended investment company incorporated in Guernsey and established to make and hold investments in residential property in Japan.

Pursuant to the announcement by the Company on 21 October 2013, the Company is pleased to announce that it has successfully placed a total of 24,444,224 new ordinary shares of 10 pence each (the "Placing Shares") at a price of 63 pence per share to raise total gross proceeds of approximately £15.4 million (the "Placing"). Application has been made for the Placing Shares to be admitted to trading on AIM and it is expected that the admission will take place at 8:00 a.m. on 28 October 2013.

Further details of the Placing are set out in the announcement released by the Company on 21 October 2013. Liberum Capital Limited acted as sole broker and placing agent in relation to the Placing.

Following admission, the Company will have 211,944,224 ordinary shares in issue. Therefore, the total number of voting rights in the Company is 211,944,224. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

Enquiries:

This announcement has been issued by, and is the sole responsibility of, the Company. This announcement is for information only and does not constitute an offer or invitation to subscribe for or otherwise acquire or dispose of any securities or investment advice in any jurisdiction in which such an offer or solicitation is unlawful, including without limitation, the United States, Australia, Canada, the Republic of South Africa, Japan or Guernsey.

Liberum Capital Limited ("Liberum") and Smith & Williamson Corporate Finance Limited ("S&W"), each of which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, are acting for the Company and for no-one else in relation to the Placing, and will not be responsible to any other person for providing the protections afforded to their respective clients nor for providing advice in connection with the matters contained in this announcement. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by either of Liberum or S&W, or by any of their respective affiliates or agents, as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.