Vietnam Property Holding (VPH) to hold Annual General Meeting (AGM) and an Extraordinary General Meeting (EGM) Press Release

General News 27th May, 2009

Vietnam Property Holding (the “Company”) is pleased to announce its first Annual General Meeting (“AGM”) and an Extraordinary General Meeting (“EGM”) to be held at Salon 1, Mezzanine, Park Hyatt Saigon, 2 Lam Son Square, District 1, Ho Chi Minh City, Vietnam on Friday June 12, 2009 at 15:30 Vietnam time.

The purpose of the AGM is to consider and approve the audited financial statements, director’s report and auditor’s report of the Company for the fiscal year ended December 31, 2008. The EGM will consider and approve the Board of Directors’ proposal on repurchase of the Company’s own shares. The narrative Annual Report of the Company is available in our investor only section now.

Vietnam Property Holding is an exempted company incorporated in the Cayman Islands on August 9, 2007. The Company was listed on the Frankfurt Stock Exchange on November 30, 2007. Vietnam Property Holding was placed in the top #3 performing Vietnam property focused fund in 2008 by LCF Rothschild.

The Company is managed by Saigon Asset Management Corporation, a company incorporated under the laws of the Cayman Islands. For more information please visit www.saigonam.com

Should you have any question, please email them to me at IR@saigonam.com.