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2 Apr 2015 16:26
2 April 2015
Japan Residential Investment Company Limited
(the "Company")
Update on Net Asset Value
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 Net Asset Value ("NAV") for the Company as of 28 February 2015 (unaudited) was 57.2 pence per share (¥105.6 per share) compared to 56.1 pence per share (¥104.1 per share) as at 30 November 2014. This NAV reflects an increase of 0.9 pence from underlying profit and 0.2 pence due to net foreign exchange gains. The calculation of NAV is based on the most recent external valuation of investment properties as at 30 November 2014.
The NAV in Sterling is determined using the Yen: Sterling exchange rate of JPY184.681, which was the prevailing rate as at 28 February 2015 (30 November 2014: JPY185.591).
Enquiries
KK Halifax Management Limited Manager
| Edward Barrow | +65 6593 8904 |
KK Halifax Asset Management Investment Adviser
| Alec Menikoff | +81 (0)3 5563 8771 |
Smith & Williamson Corporate Finance Limited Nominated Adviser
| Azhic Basirov David Jones | +44 (0)20 7131 4000 |
Jefferies Hoare Govett Joint Broker
| Sara Hale | +44 (0)20 7029 8000 |
Liberum Capital Limited Joint Broker
| Richard Bootle | +44 (0)20 3100 2222 |
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