VEH & VPH – Results of 2012 AGM & EGM Press Release

VEH 21st June, 2012

(Ho Chi Minh City, Vietnam) Saigon Asset Management (SAM) announces that the 2012 Annual General Meeting (AGM) of Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH) and the 2012 Extraordinary General Meeting (EGM) of VEH and VPH on June 21, 2012 were held successfully.

The sole matter on the Agenda of the 2012 AGM of VEH and VPH was to approve the audited financial statements, the Director’s report, and the auditor’s report of both Companies for the fiscal year ended December 31, 2011. Mr. Louis Nguyen, CEO of SAM and Executive Director of VEH and VPH acted as Chairman of the meetings. The Shareholders have duly and properly approved the annual reports and audited financial statements.

The EGM of VEH was to authorize the Board of Directors of the Company to use free cash of about EUR1,000,000 (one million euros) of the Company’s cash to repurchase the Company’s own shares at a discount rate as the Board thinks fit, through the stock market and private transactions, within the bid/ask spread, in accordance with applicable laws and regulations within the next six months for holding as treasury shares or cancellation at the Board’s discretion. The Shareholders have duly and properly approved the share repurchase program.

The EGM of VPH was to authorize the Board of Directors of the Company to use up to EUR815,570 (eight hundred, fifteen thousand, and five hundred seventy euros) of the Company’s cash to repurchase the Company’s own shares at a discount rate as the Board thinks fit, through the stock market and private transactions, within the bid/ask spread, in accordance with applicable laws and regulations, within the next six months for holding as treasury shares or cancellation at the Board’s discretion. The Shareholders have duly and properly approved the share repurchase program.

Detailed results of the VEH AGM & EGM are available on the Saigon Asset Management website within the VEH Investor Relations page.

Detailed results of the VPH AGM & EGM are available on the Saigon Asset Management website within the VPH Investor Relations page.

About Saigon Asset Management (SAM)

Established in 2007, Saigon Asset Management (SAM) is the investment manager of Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), both Cayman Islands investment funds, listed and traded on the Frankfurt Stock Exchange and Xetra. In 2008, LCF Rothschild ranked VEH ranked as the top performing equity fund in Vietnam, and in 2009, VPH was ranked as the top performing real estate fund in Vietnam. SAM is headquartered in Ho Chi Minh City, Vietnam and has a team of over 20 investment professionals.

For more information, please visit our website at www.saigonam.com.