Restructuring Update

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29 April 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").

A further announcement was released on 25 February 2015 in which the Company announced that the approval of the application for the authorisation of VVF (the formal name of which is Forum One - VCG Partners Vietnam Fund) by the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (the "CSSF") was expected to be received later than originally anticipated.

The Company is pleased to announce that the CSSF has notified Forum One that it has been registered into the Official List of UCITS authorised in Luxembourg and its first sub fund, VVF, has been authorised. Consequently, application is being made to the Vietnamese Securities Commission for the formal approval of the contribution in kind of VNI's listed securities portfolio to VVF.

The Board of VNI also announces that it is proposing an amendment to the restructuring proposals that were outlined in the circular to Shareholders dated 21 November 2014. The Board is proposing that up to 50% of the Listed Portfolio Shares will be repurchased at the First Repurchase Day. It had previously been stated that 33.3% of the Listed Portfolio Shares would be available for repurchase at that time. Such an amendment requires the consent of VNI Shareholders at an extraordinary general meeting and a circular convening such meeting will be sent to Shareholders shortly.

In addition, the Board of VNI wishes to inform Shareholders that it has been advised that VVF will permit redemptions of its shares on a weekly basis, and not twice per month as originally stated in the Circular.

The Company 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:

Vietnam 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]