Vietnam Holdings Regulatory News (VNH)

For immediate release

VietNam Holding Limited ("VNH" or the "Company")

Estimated Daily Net Asset Value (NAV)

The Company announces that, at its close of business on 04 May 2023 its Estimated NAV was USD 107.4 million or USD 3.803 per share and GBP 85.5 million or GBP 3.026 per share (GBP/USD = 1.2566).

Change in position as of 04 May 2023:

Daily performance is calculated by reference to the previous day NAV/share and VNAS (Vietnam All Share Index). Calendar month-to-date performance is calculated by reference to NAV/share and VNAS as at 28 Apr 2023. Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (30 Dec 2022). 1-year performance is calculated by reference to NAV/share and VNAS as at 04 May 2022. 3-year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 04 May 2020. 5-year CAGR is calculated by reference to NAV/share and VNAS as at 04 May 2018. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 04 May 2013. VNAS is sourced from Bloomberg, which uses back-tested positions for VNAS for before 27 Jan 2014 as released by HoSE (Ho Chi Minh City Stock Exchange).

The Estimated Daily NAV stated in this announcement is based on estimated valuations and accordingly the Company accepts no responsibility for the accuracy of the Estimated Daily NAV figure given, and neither is any responsibility implied. The actual month end NAV in any month may vary from the Estimated Daily NAV provided in the relevant month. Accordingly, no reliance should be placed on the Estimated Daily NAV and it has been provided for indicative purposes only.

More information on the Company is available at www.vietnamholding.com

Craig Martin

craig@dynamcapital.com

Tel.: +84 28 38277 590

Dynam Capital Limitedhttps://www.dynamcapital.com