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Morant Wright Japan (MWJ)

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Tuesday 04 April, 2006

Morant Wright Japan

Portfolio Update

Morant Wright Japan Inc. Tst. Ltd
04 April 2006

                          STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                                             04 April 2006

                    Morant Wright Japan Income Trust Limited
                                (the 'Company')

                 Re: Investment Information as at 31 March 2006

In accordance with Rule 15.4.11 (2), the Directors of the Company confirm the
Investments by the Fund with a value greater than 5% of the Fund's gross assets
as at 31 March 2006


The ten largest Investments of the Fund as at the 31 March 2006

Daiwa Kosho Lease Company Limited
MAX Company Limited
Hitachi Transport System Limited
Japan Securities Finance
Yodogawa Steel Works
Shinmaywa Industries Limited
Nishimatsu Construction Company Limited
Nisshin Fire & Marine Insurance Company Limited
Natl House Ind Co
Toyota Industries Corp


Northern Trust International Fund
Administration Services (Guernsey) Limited      Sean Murray     +44 1481 745311

                      This information is provided by RNS
            The company news service from the London Stock Exchange