Saigon Asset Management Changes CIO Press Release

SAM 15th March, 2010

(Ho Chi Minh City, Vietnam) Saigon Asset Management (SAM), the investment manager of two top performing Vietnam focused funds, today announced the appointment of Mr. Michael Kokalari, as Deputy CEO and new Chief Investment Officer (CIO) in replacement of Mr. Hoang Nguyen who has been assigned new role as Senior Advisor, focusing on the launching of the new Smart Money Fund and capital market products.

Michael Kokalari holds CFA and has over 15 years of experience in running multi billion dollar credit, equity and fixed income derivatives portfolios for Credit Suisse First Boston, Paribas, JP Morgan Chase, Lehman Brothers and WestLB in London, Tokyo and Frankfurt.

Mr. Kokalari is an American and has been in Vietnam for 2 years where he has been a senior level advisor for Vietfund Management (VFM), a joint venture between Dragon Capital and Sacombank. His work with VFM primarily involved setting up the Vietnam Active Fund (VFA), Vietnam’s first publicly listed equity fund entirely using quantitative techniques.

“Mike is truly an experienced international investment manager who also has earned his stripes on the ground here in Vietnam”, said Mr. Louis Nguyen, Chairman and CEO of SAM, “Having someone with such a track record, technical knowledge as well as the passion for investment in Vietnam, is certainly a delight for our firm and a win for our investors.”

Mr. Kokalari holds master’s degrees in business, engineering and mathematics from Stanford University and additional graduate level training in Mathematics and Economics at Harvard and the London School of Economics. He is the co-author of the CFA guide to Credit Derivatives, he has founded 2 computer software companies, and he is a part-time lecturer in the Vietnam National University, Department of Mathematics in Ho Chi Minh City.

SAM’s senior management team is planning an international trip to visit investors in May 2010. Please contact us if you would like to set up a conference call or meeting.

About Saigon Asset Management:

Founded in 2007, Saigon Asset Management (SAM) was formed by a group of investment managers who wanted to create a fund management company that is purely performance focused, combined with flawless execution and enforcing the highest level of business ethics. SAM is the manager of Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), two investment funds listed on the Frankfurt Stock Exchange and Xetra. VEH was the No.1 ranked Vietnam focused equity fund in 2008, while VPH was the No.1 ranked Vietnam focused real estate fund in 2009*.

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

*Per LCF Rothschild, UK