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Correction: Net Asset Value(s)

Released 10:37 10-Oct-2018

Correction: Net Asset Value(s)

This is a correction to the earlier release published at 09:07. The correct NAV date is 30th September and not 28th September as previously advised.

10th Oct 2018

VinaCapital Vietnam Opportunity Fund Limited (the "Company")

LEI No.: 2138007UD8FBBVAX9469

Monthly Net Asset Value

The Company announces that, at its close of business on 30th Sept 2018, its unaudited net asset value (NAV) was USD 1.06 billion or USD 5.62 per share (the sterling equivalent at that date was GBP816.06 million or GBP4.31 per share). This represents a 3.12% month-on-month increase from the NAV per share of USD 5.45 (or a 2.86% increase in net asset value per share in GBP terms).

The monthly reported unaudited Net Asset Value is prepared by the Company’s Administrator and reviewed by the Company’s Manager. It may differ from the estimated weekly NAV which is produced by the Manager based on estimated valuations. The estimated weekly NAV is provided for indicative purposes only. The Company accepts no responsibility for the accuracy of the estimated NAV figures.

The unaudited monthly NAV is based on the following valuation guidelines:

·       Listed equities are marked to market, based on the closing price of the last trading day of the prior month, provided by the Vietnam stock exchanges (the Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange).

·       Unlisted securities include over-the-counter (OTC) traded securities and unlisted securities publicly traded on the Unlisted Public Companies Market (UPCOM) of the Hanoi Stock Exchange. These holdings marked to market on the same basis as listed equities. Where this valuation approach is not available, unlisted securities valuations are based on the average of up to three independent broker quotes for the last trading day of the prior month, or where these are unavailable, the last available price.

·       Non-publicly traded investments, including private equity and direct real estate investments, are valued based on the last available valuation as approved by the Audit Committee which may be adjusted for any impairment, loss or disposal.

·      The valuation of cash positions is based on cash in Company’s bank accounts at the close of the prior trading month and is adjusted for receivables and accruals.

·       The Vietnam Dong (VND) foreign exchange rate is the daily reference rate provided by Vietcombank as of the date of the monthly NAV. The British Sterling (GBP) and US Dollar (USD) exchange rates is the Reuters reference rate of the same day.

More information on the Company is available at https://vof.vinacapital.com

Enquiries:

Michael Truong
VinaCapital Investment Management Limited
Investor Relations
+84 28 3821 9930
michael.truong@vinacapital.com

Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 28 3821 9930
joel.weiden@vinacapital.com  

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com

Andy Dovey
Northern Trust International Fund Administration Services (Guernsey) Limited, Administrator
+44 1481 745001
ad317@ntrs.com

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


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Correction: Net Asset Value(s) - RNS