NEWS RELEASE

Japan Residential Inv. Co. Ltd

4 November 2008

Japan Residential Investment Company Limited ("the Company")

Posting of EGM Notice

The Company announces that the notice of an Extraordinary General Meeting of members has been posted to shareholders today for the purposes of amending its Memorandum of Incorporation, adopting new Articles of Incorporation and providing the Company with authority to purchase its own shares, within certain parameters.  The meeting will be held at the registered office of the Company at Investec House, La Plaiderie, St Peter Port, Guernsey GY1 3BJ at 11am on 20 November 2008.

Copies of the notice are also available on the Company's website at www.jricl.com.

Enquiries:

K.K. Halifax Asset Management

Fairfax I.S. PLC

Smith & Williamson Corporate Finance Limited

Alec Menikoff

John Korwin-Szymanowski

Azhic Basirov

+81 (0) 3 5408 8784

+44 (0)20 7460 4376

+44 (0)20 7131 4000

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