Amendment to Compulsory Repurchase Circular

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

27 July 2016

For Immediate Release

Vietnam Infrastructure Limited

(the "Company")

Amendment to the Mechanics of the Compulsory Repurchase included in the Circular dated 21 July 2016

As announced on 21 July 2016, the Company published a Circular to provide Shareholders with information in relation to the compulsory repurchase by the Company of all remaining Listed Portfolio Shares (AIM: VNIL) in accordance with the Company's articles of association (the "Compulsory Repurchase").

Section 3.1 of Part 2 of the Circular, which contained the mechanics of the compulsory repurchase, stated: "The repurchase of Listed Portfolio Shares in consideration for the transfer of VVF Shares will be at the current Net Asset Value per Share of the Listed Portfolio Shares as at the Final Date less any deductions, holdbacks or adjustments as may be required. The aggregate US dollar amount due to Shareholders shall be known as the "Aggregate Repurchase Amount". The Company shall satisfy the Aggregate Repurchase Amount due by the transfer by the Company to each Shareholder of such number of VVF Shares (at the then VVF Net Asset Value on the Final Date) as most closely equals the Aggregate Repurchase Amount to which such Shareholder is entitled, rounded down to three decimal places." 

The Company has amended Section 3.1 of Part 2 of the Circular to include the following sentence at the end of the paragraph, shown below in bold, as follows: "The repurchase of Listed Portfolio Shares in consideration for the transfer of VVF Shares will be at the current Net Asset Value per Share of the Listed Portfolio Shares as at the Final Date less any deductions, holdbacks or adjustments as may be required. The aggregate US dollar amount due to Shareholders shall be known as the "Aggregate Repurchase Amount". The Company shall satisfy the Aggregate Repurchase Amount due by the transfer by the Company to each Shareholder of such number of VVF Shares (at the then VVF Net Asset Value on the Final Date) as most closely equals the Aggregate Repurchase Amount to which such Shareholder is entitled, rounded down to three decimal places. "The number of VVF Shares to be transferred to Shareholders may be adjusted up or down on a pro rata basis at the absolute discretion of the Company to ensure that the aggregate total number of VVF Shares transferred is not less, or greater, than the total number of VVF Shares held by the Company with respect to the Listed Portfolio as at the Final Date ."

Defined terms used in this announcement have the same meaning as ascribed to them in the compulsory repurchase circular to Shareholders dated 21 July 2016.

Enquiries

For further information, please contact:

Vietnam Infrastructure Limited Rupert Carington Tel: +44 (0)20 7845 5950

VinaCapital Investment Management Limited

Tony Hsun Tel: +84 8 3821 9930

Louie Doan Tel: +84 8 3821 9930

Numis Securities Limited, Broker

David Benda / Hugh Jonathan Tel: +44 (0)20 7260 1000

[email protected]

Grant Thornton UK LLP, Nominated Adviser Philip Secrett Tel: +44 (0)20 7383 5100

[email protected]

This announcement does not constitute a listing document, prospectus, offering memorandum, or offer or solicitation to any person in the United States or any other jurisdiction to purchase or sell any investment. No information set out in or referred to in connection with this announcement is intended to form the basis of any contract of sale, investment decision or any decision to purchase any securities, nor should such information be construed as providing financial, investment or other professional advice. This announcement should not be considered by the recipient as a recommendation relating to the acquisition or disposal of investments. It is recommended that recipients of this announcement seek their own independent legal, tax, financial and other advice. This announcement does not contain sufficient information to support an investment decision and investors should ensure that they obtain all available relevant information before making any investment.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". In some cases, such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. Any forward-looking statements are only made as at the date of this announcement, and the Company neither intends nor assumes any obligation to update forward-looking statements set forth in this announcement whether as a result of new information, By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, results of operations, financial condition, liquidity and distributions to shareholders may differ materially from the impression created by any forward-looking statements contained in this announcement.

The opinions expressed are those held by the Company at the date of this announcement and are subject to change. Neither the Company nor any of its affiliates accept any liability or responsibility whatsoever for the accuracy or completeness of, nor make any representation or warranty (express or implied) with respect to, the information contained in these materials or any publicly available information.