New Board and Advisory Committee Members

14 April 2011

For immediate release

VinaCapital

Appointment of new Board and Advisory Committee members

Ho Chi Minh City - VinaCapital Group Limited, the leading asset management and real estate development firm focused on Vietnam, is pleased to announce the appointment of new members to its Board of Directors and its Advisory Committee.

The VinaCapital Board of Directors and Advisory Committee now have the following members:Board of Directors of VinaCapital Group:Mr Terence Mahony (Chairman and Non-executive Director)Mr Albert Theodore Powers (Non-executive Director)Mr Michael Choi (Non-executive Director)Mr Horst F. Geicke (Non-executive Director and Founder)Mr Don Lam (Executive Director and Chief Executive Officer)Advisory Committee of VinaCapital Group:Mr Pham Phu Ngoc Trai (Co-chairman)Mr Doan Minh Cuong (Co-chairman)Mr Ernst Zimmermann (Member)Mr Terence Mahony has succeeded Mr. Horst F. Geicke as Chairman of VinaCapital.Commenting on the appointments of Mr Terence Mahony and Mr Albert Theodore Powers to the VinaCapital Board, VinaCapital co-founder Horst Geicke said: "The appointment of Terry Mahony and Ted Powers to the VinaCapital Board affirms our continuing commitment to strong corporate governance, our desire to broaden the experience and expertise of our Board, and our focus on professionalism and long-term growth - both for our shareholders and for the funds we manage. Our two new Board members are extremely knowledgeable professionals with decades of experience in fund management and the investment industry generally. We look forward to working closely with them to continue the growth of VinaCapital as the leading investment manager and real estate developer in the Mekong region."Incoming Chairman Mr Terry Mahony has over 35 years of experience in fund management, including operational and board roles in Vietnam, Cambodia, and other emerging markets.Commenting on his appointment as Chairman of VinaCapital, Terry Mahony said: "I am delighted to accept the role of Chairman of VinaCapital, which has established itself as the leading asset manager in Vietnam and has recently opened offices in Singapore and Cambodia. Our mission is to continue to generate superior returns for shareholders through the highest and most professional standards in fund management. I look forward to contributing to this mission and feel VinaCapital has the management team in place to continue to achieve these goals."

Regarding the appointments of Mr Pham Phu Ngoc Trai, Mr Doan Minh Cuong, and Mr Ernst Zimmermann to the VinaCapital Advisory Committee, VinaCapital CEO Don Lam said: "Messrs Trai and Cuong have extensive experience in business and government relations in Vietnam, and we look forward to their advice in our business activities and in formulating our corporate strategy. Mr Zimmermann has over 35 years experience in the hospitality industry in Asia and we expect to benefit from this experience in our current and future hospitality investments."

Media enquiries:

Ms Nguyen Duc Huong

PR and Marketing Director

VinaCapital Group

tel: 84-8-821-9930

[email protected]

Mr Michael L. Gray

Communications Manager

VinaCapital Group

tel: 84-8-821-9930

[email protected]

About VinaCapital

VinaCapital is the leading investment management and real estate development firm focused on 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 USD32 million 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.