5 July 2012

VinaCapital Vietnam Opportunity Fund Limited

Share buyback

VinaCapital Vietnam Opportunity Fund Ltd (‘VOF’, the ‘Company’) announces that on 4 July 2012, pursuant to the share buyback authority granted to the Company’s Board of Directors on 25 October 2011, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 750,000 Ordinary Shares of US$0.01 each at an average price of US$1.485 per share.

Following this transaction, VOF has spent USD19.7 million overall repurchasing 13,299,663  shares which are held as treasury shares. This represents 4.10 percent of the Company’s 324,610,259 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 311,310,596. Since the beginning of the share buyback program, shares repurchased have had an accretive effect; increasing NAV per share by USD0.034, based on 31 May 2012 net asset value.

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

Enquiries:

David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930
david.dropsey@vinacapital.com
 
Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
 
Hiroshi Funaki
LCF Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk  
 
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
d.benda@numis.com
 
Mark Walters
FTI Consulting, Public Relations (Hong Kong)
+852 3716 9802
mark.walters@fticonsulting.com
 
Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com