Strategic EvarichJFd

Name of Administrator

Strategic Evarich Japan Fund Ltd
20 January 2005

                            COMPANY ANNOUNCEMENT

For Immediate Release                                         20th January, 2005

                      Strategic Evarich Japan Fund Limited
                                  (the 'Fund')

                      Re: Change of Name of Administrator

The Board of Directors of the Fund wish to announce that with effect from 24th
December 2004 Management International (Guernsey) Limited (the 'Administrator,
Secretary and Registrar'), the Administrator, Secretary and Registrar to the
Fund has changed its name to HSBC Securities Services (Guernsey) Limited, to
further reflect the fact that it is an indirect wholly-owned subsidiary of HSBC
Holdings plc.

The delay in notifying this announcement to the Irish Stock Exchange was due to
processing delays of an administrative nature.


HSBC Securities Services (Guernsey) Limited   Martine Stanley   + 44 1481 707228

NCB Stockbrokers Limited                      Lynne Henry       + 353 1 611 5907

This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.

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