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CORPORATE PROFILE
Introduction

VIETNAM HOLDING LTD. is an investment company, with its main assets in Vietnam and a large base of Swiss investors. Incorporated in the Cayman Islands, it was launched in May 2006 and raised USD 112.5 million in equity at inception in June of the same year.

It was listed on the London Stock Exchange's AIM Market in June 2006 and subsequently was quoted on the Frankfurt Stock Exchange in the Entry Standard as a secondary listing in October 2008.

Investment

VIETNAM HOLDING LTD. was established to invest primarily in the privatization of State Owned Enterprises (SOEs) in Vietnam through initial public offerings (IPOs) or private placements.

VNH also invests in traded equity securities, including those which are not yet listed on one of the two formal securities trading centers in Vietnam, but are traded on the country's unlisted market.

Strategy

The objective of VIETNAM HOLDING LTD. is to achieve long-term capital appreciation by investing in a diversified portfolio of companies with a significant presence in Vietnam. The main focus is on those SOEs that the Vietnamese government has identified for partial divestment and listing on the two domestic securities trading centers. Target companies must combine measurable value with high growth potential.

The Company through its Investment Manager will actively incorporate ESG considerations into its ownership policies and practices. It will seek an active dialogue with the management of the entities in which it invests and will seek appropriate disclosure of ESG issues.

Investment Restrictions

VIETNAM HOLDING LTD. will not invest more than 10% of its assets (at the time of investment) in any single company, and no more than 30% of its assets in any one industry sector. To maximize the return on available liquidity, VNH may invest excess cash in the domestic bond market, as well as in international Vietnam bonds and liquid securities.

VIETNAM HOLDING LTD. may utilize derivatives contracts for hedging purposes and hedge Vietnam Dong exposure against the US Dollar in the forward market. VNH will not directly invest in real estate projects.

Corporate Information

The company is incorporated in the Cayman Islands and the rights of shareholders may be different from the rights of shareholders in a UK incorporated company.

The company is listed on the London Stock Exchange's AIM Market as well as in the Entry Standard of the Frankfurt Stock Exchange (sub-segment of the Open Market).