Vietnam Infrastructure Regulatory News (VNI)

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

21 July 2016

For Immediate Release

Vietnam Infrastructure Limited

(the "Company")

Compulsory Repurchase of Listed Portfolio Shares

The Company has published a circular to be sent to Shareholders today in relation to the compulsory repurchase by the Company of all remaining Listed Portfolio Shares (AIM: VNIL) in accordance with the Company's articles of association (the "Compulsory Repurchase").

On 17 August 2016 (the "Final Date"), the Company shall compulsorily repurchase and cancel all remaining Listed Portfolio Shares in at the current Net Asset Value per Share of the Listed Portfolio Shares as at the Final Date. No exit discount shall be applied. Trading in, and transfer of, the Listed Portfolio Shares will be suspended with effect from 7.30 a.m. (UK time) on 15 August 2016.

The aggregate US dollar amount due to a holder of Listed Portfolio Shares on the Final Day will be satisfied by the transfer by the Company of such number of Class A VVF Shares (at the current net asset value per Class A VVF Share on the Final Date) as most closely equals the amount owed to the relevant holder of Listed Portfolio Shares (rounded down to 3 decimal places).

Following the Compulsory Repurchase no Listed Portfolio Shares will remain in issue and the admission of the Listed Portfolio Shares to trading on AIM will be cancelled with effect from 7.00 a.m (UK time) on 18 August 2016.

The timetable for the Compulsory Repurchase is as follows:

It is expected that holders of Listed Portfolio Shares who submit valid transfer forms in respect of the Compulsory Repurchase and who have provided all required anti-money laundering and know your customer compliance documents will receive confirmation in writing from EdR Asset Management (as administration agent for VVF) that their Class A VVF Shares are registered in their name by the Settlement Date but no certificates representing the Class A VVF Shares will be issued. Where a holder of Listed Portfolio Shares either, (i) fails to submit a valid Transfer Form, (ii) fails to provide any required anti-money laundering and know your customer compliance documents to EdR Asset Management in accordance with the terms of the circular, or (iii) is not able to provide confirmation that he/she/it is an Eligible Shareholder, then the Class A VVF Shares to which such holder would otherwise be entitled shall be transferred to, and held in, the Unclaimed Custody Account in accordance with the terms of the circular.

The Compulsory Repurchase circular that will be sent to Shareholders today will contain the formal terms of the Compulsory Repurchase. A copy of the circular will also be available on the Company's website http://vni-fund.com.

The above times and/or dates may be subject to change and, in the event of such change, the revised times and/or dates will be notified to the Shareholders by an announcement through a Regulatory Information Service of the London Stock Exchange.

Defined terms used in this announcement have the same meaning as ascribed to them in the compulsory repurchase circular to Shareholders dated 21 July 2016.

Enquiries

For further information, please contact:

Vietnam Infrastructure Limited Rupert Carington Tel: +44 (0)20 7845 5950

VinaCapital Investment Management Limited

Tony Hsun Tel: +84 8 3821 9930

Louie Doan Tel: +84 8 3821 9930

Edmond de Rothschild Securities (UK) Limited, BrokerWilliam Marle Tel: +44 (0)20 7845 5950

funds@lcfr.co.uk

Numis Securities Limited, Broker

David Benda / Hugh Jonathan Tel: +44 (0)20 7260 1000

funds@numis.com

Grant Thornton UK LLP, Nominated Adviser Philip Secrett Tel: +44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

This announcement does not constitute a listing document, prospectus, offering memorandum, or offer or solicitation to any person in the United States or any other jurisdiction to purchase or sell any investment. No information set out in or referred to in connection with this announcement is intended to form the basis of any contract of sale, investment decision or any decision to purchase any securities, nor should such information be construed as providing financial, investment or other professional advice. This announcement should not be considered by the recipient as a recommendation relating to the acquisition or disposal of investments. It is recommended that recipients of this announcement seek their own independent legal, tax, financial and other advice. This announcement does not contain sufficient information to support an investment decision and investors should ensure that they obtain all available relevant information before making any investment.

This announcement may include statements that are, or may be deemed to be, "forward-looking statements". In some cases, such forward-looking statements can be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology. Any forward-looking statements are only made as at the date of this announcement, and the Company neither intends nor assumes any obligation to update forward-looking statements set forth in this announcement whether as a result of new information, By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, results of operations, financial condition, liquidity and distributions to shareholders may differ materially from the impression created by any forward-looking statements contained in this announcement.

The opinions expressed are those held by the Company at the date of this announcement and are subject to change. Neither the Company nor any of its affiliates accept any liability or responsibility whatsoever for the accuracy or completeness of, nor make any representation or warranty (express or implied) with respect to, the information contained in these materials or any publicly available information.