Change in composition of Board of Directors

31 October 2011

Vietnam Infrastructure Limited

Change in composition of Board of Directors

Vietnam Infrastructure Limited (the 'Company' or 'VNI') (VNI.L), the first publicly traded fund to focus on infrastructure assets in Vietnam, announces today the following changes to the composition of the Company's Board of Directors:

·; Mr Don Lam has resigned as a Non-executive Director of the Company

·; Mr. Albert Theodore ('Ted') Powers has joined as a Non-executive Director of the Company

Mr Lam is the CEO of the Company's Investment Manager, and has served as Director since the Company's inception in 2007. He served as Chairman of the Company until Mr Paul Cheng was appointed to this role in 2009.

Mr Powers is a noted lawyer, investor, and business executive, with over 35 years of professional experience in a vast range of corporate, commercial, finance, and tax matters. He also serves as Non-executive Director of the owner of the Company's Investment Manager.

Commenting on the change in Board composition, Mr Paul Cheng, Chairman of the Company, said: "The Board is pleased to welcome Ted, given his vast experience with investments across China and the Southeast Asia region. We thank Don for his service to the Company."

More information:

Albert Theodore ('Ted') Powers

Albert Theodore 'Ted' Powers, aged 58, is a noted senior lawyer, investor, and business executive, with over 35 years of professional experience in a vast range of corporate, commercial, finance, and tax matters. He has particular expertise in investment transactions in Greater China and Southeast Asia, and has resided in Hong Kong for the past 28 years. Mr. Powers is Chairman and Chief Executive Officer of the Allied Pacific Group, a diversified investment and advisory group. Before becoming a full-time investment professional, Mr. Powers practiced law in New York City, San Francisco, and Hong Kong. He served as Asian Managing Partner for several of the world's leading law firms, including Shearman & Sterling, and Gibson, Dunn & Crutcher. He is admitted to practice law in Hong Kong and in various states and federal courts in the United States, including the United States Supreme Court. Mr. Powers holds a Bachelor of Arts from the University of Denver; a Masters in Business Administration from Imperial College London; a Juris Doctorate from the University of Pennsylvania Law School; and a Masters of Law in Taxation from the New York University Law School.

Mr. Powers's current and past directorships:

There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

About VinaCapital:

VinaCapital is the leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.7 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of managing directors who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has industry-leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.

VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.

VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore. More information about VinaCapital is available at www.vinacapital.com.

More information on Vietnam Infrastructure Limited is available at www.vinacapital.com/vni.

Enquiries:

Michael L. Gray

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 821 9930

[email protected]

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

+44 (0)20 7383 5100

[email protected]

Hiroshi Funaki

LCF Edmond de Rothschild Securities, Broker

+44 (0)20 7845 5960

[email protected]

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

Mark Walters

FTI Consulting, Public Relations (Hong Kong)

+852 3716 9802

[email protected] 

Andrew Walton

FTI Consulting, Public Relations (London)

+44 (0)20 7269 7204

[email protected]