Share buyback

RNS Number : 8057O

VinaCapital Vietnam Opp. Fund Ld

16 October 2012

VinaCapital Vietnam Opportunity Fund Limited

Share buyback - VOF accumulates 10.0 percent of Ordinary shares in buyback programme

VinaCapital Vietnam Opportunity Fund Ltd ('VOF', the 'Company') announces that on 15 October 2012, pursuant to the share buyback authority granted to the Company's Board of Directors on 25 October 2011 and in accordance with the terms referenced in the share buyback programme update announcement on 31 July 2012, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 700,000 Ordinary Shares of USD0.01 each at an average price of USD1.72 per share.

Following this transaction, VOF has spent USD50.8 million overall repurchasing 32,463,656 shares which are held as treasury shares. The total number of shares acquired since November 2011 represents 10.0 percent of the Company's 324,610,259 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 292,146,603.

The share price of VOF closed at USD1.72 as at 15 October 2012, an increase of 5.9 percent since the beginning of the month. As a result, the Company's current share price to net asset value per share is 29.8 percent based on 30 September 2012 NAV. Trading volume in VOF has remained steady at an average of approximately 800,000 shares per day over the past two months, signaling that investors are increasing their positions or entering into the Company.

More information on the Company is available at www.vinacapital.com/vof

Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 821 9930

david.dropsey@vinacapital.com

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

Hiroshi Funaki