VOF director resignation

03 February 2012

VinaCapital Vietnam Opportunity Fund Limited

Director Resignation

The Board of Directors ("the Board") of VinaCapital Vietnam Opportunity Fund Limited ("the Company"), an investment company focused on Vietnam, announces that Mr. Horst Geicke has resigned as a Non-executive Director of the Company with immediate effect.

Mr. Geicke has been a Director of the Company since its inception in 2003, and resigns now to reduce the investment manager’s representation on the Board from two to one.  Mr. Geicke was a founding member of VinaCapital Group, the Company's investment manager, and he remains in this role.

Commenting on the resignation of Mr. Geicke, the Company's Chairman Mr. William Vanderfelt said “We appreciate Horst’s decision to resign from the Board as a commitment to strengthen the Board’s independence from the investment manager.  The Board and the investment manager would like to express their sincere gratitude to Horst for his many contributions to the Company during his tenure, which reaches back to the initial AIM admission of the Company with gross assets of USD9.5 million in 2003.  On behalf of the Board, I wish Horst all the best with his future endeavours."

Ms. Nguyen Duc Huong
Public Relations Director
VinaCapital Group
tel: 84-8-821-9930

Mr. David Dropsey
Manager, Investor Relations and Communications
VinaCapital Group
tel: 84-8-821-9930
Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
Hiroshi Funaki
LCF Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
Mark Walters
FTI Consulting, Public Relations (Hong Kong)
+852 3716 9802
Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204

Asset Management - Corporate Finance - Real Estate