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Receipt of Initial Proceeds from Divestment of Asset

Released 07:59 16-Nov-2016

Receipt of Initial Proceeds from Divestment of Asset

16 November 2016

VinaCapital Vietnam Opportunity Fund Limited (“the Company” or “VOF”)

Receipt of initial proceeds from divestment of asset

London - VinaCapital Vietnam Opportunity Fund Limited, a London Stock Exchange Main Market traded investment company established to target key growth segments in Vietnam, and managed by VinaCapital Group, announces that it has now received the first payment of USD37 million upon signing and closing the Share Purchase Agreement (“SPA”) in relation to the divestment of an asset (the “Asset”) to a newly formed consortium (the “Consortium”) as discussed in the announcement that was released to the market on 15 November 2016.

VOF will receive minimum net proceeds of USD100 million from the sale of the Asset, and the balance of the remaining proceeds will be payable in two annual instalments.

More information on the Company is available at vof-fund.com.

Enquiries:
Jonathan Luu
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
jonathan.luu@vinacapital.com

Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 8 3821 9930
joel.weiden@vinacapital.com

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 20 7260 1000
funds@numis.com

Franczeska Hanford / Martin Bourgaize
Northern Trust International Fund Administration Services (Guernsey) Limited, Company Secretary
+44 1481 745001
fk26@ntrs.com / meb16@ntrs.com

Edward Gascoigne-Pees
Camarco, Public Relations (London)
+44 20 3757 4980
ed.gascoigne-pees@camarco.co.uk


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Receipt of Initial Proceeds from Divestment of Asset - RNS