Restructuring Update

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25 February 2015

For Immediate Release

Vietnam Infrastructure Limited('VNI' or the 'Company')

Restructuring Update

On 15 December 2014, the Company announced that, at its Extraordinary General Meeting held that day, VNI shareholders (the "Shareholders") had voted to approve the proposals to restructure VNI, as set out in the circular to Shareholders published on 21 November 2014 (the "Circular").

The Company wishes to update the Market on the progress of VNI's restructuring.

As stated in the announcement of the Company dated 15 December 2014, the application for the authorisation of VVF (the formal name of which is expected to be Forum One - VCG Partners Vietnam Fund as VVF will be a sub-fund of Forum One, an existing Luxembourg open-ended investment company) has been submitted to the CSSF and is expected to be approved in the first quarter of 2015. However, due to the length of the process, this approval is expected to be received later in the first quarter than originally anticipated. Consequently, the Company now anticipates that admission of the new class of Listed Portfolio Shares and implementation of the proposals will take place in the second quarter of 2015.

The Company is pleased to announce that, despite this unexpected delay, its plans to restructure are progressing positively and it will provide further updates as appropriate.

Terms have the same meaning as defined in the circular to shareholders dated 21 November 2014.

Enquiries

For further information, please contact:

VNI Infrastructure Limited Rupert Carington

Tel: +44 (0)20 7845 5950

VinaCapital Group

Tony Hsun

Tel: +84 8 3821 9930

Louie Doan

Tel: +84 8 3821 9930

Edmond de Rothschild Securities (UK) Limited, Financial AdviserWilliam Marle

Tel: +44 (0)20 7845 5950

John Armstrong-Denby

Tel: +44 (0)20 7845 5950

Hiroshi Funaki

Tel: +44 (0)20 7845 5960[email protected]

Grant Thornton UK LLP, Nominated Adviser Philip Secrett

Tel: +44 (0)20 7383 5100

[email protected]