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10 Apr 2012 13:47
10 April 2012
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 Company, its subsidiaries and entities in which it has a beneficial interest are referred to collectively as "the Fund".
The Net Asset Value ("NAV") for the Company as of 29 February 2012 (unaudited) was 68.3 pence per share (JPY 88.3 per share) compared to 71.2 pence per share (JPY 86.8 per share) as at 30 November 2011. This NAV reflects a decrease of 4.0 pence due to net currency translation and foreign exchange movements and an increase of 1.1 pence from underlying profit for the period. This calculation of NAV is based on the most recent external valuation of investment properties as at 30 November 2011.
The Net Asset Value in Sterling is determined using the Yen:Sterling exchange rate of JPY 129.130, which was the prevailing rate as at 29 February 2012 (30 November 2011: JPY 121.888).
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 |
Fairfax I.S. PLC Joint Broker
| John Korwin-Szymanowski Gillian Martin | +44 (0)20 7460 4376 |
Westhouse Securities Limited Joint Broker
| Alastair Moreton Hannah Young
| +44 (0)20 7601 6100 |
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