Vietnam Infrastructure Regulatory News (VNI)

25 March 2011

Vietnam Infrastructure Limited

Appointment of Board Chairman

Vietnam Infrastructure Limited (the "Company" or "VNI") (VNI.L), the first publicly traded fund to focus on investment into infrastructure assets in Vietnam, today a change to the composition of the Board, effective immediately. 

The following change in composition of the Board was made following the Board meeting on 11 March 2011:

·; Mr. Don Lam retires as Chairman of the Company and remains on the Board as a non-executive Director. Mr. Lam is the Chief Executive Officer of VinaCapital Investment Management Ltd, the Company's investment manager.

·; Mr. Paul Cheng, an existing independent non-executive Director, is appointed as non-executive Chairman.

Mr. Cheng has been a non-executive Director of the Company since its establishment in June 2007. His appointment to Chairman follows a commitment by the Company's investment manager to ensure all funds under management have an independent chairman.

Mr. Cheng is an independent non-executive director of Esprit Holdings Limited and Kingboard Chemical Holdings Limited - both listed companies on the Hong Kong Stock Exchange. He is a member of the International Advisory Board of Abdul Latif Jameel Co. Ltd., one of the largest private companies in Saudi Arabia, and is an advisor to Steelcase Corporation in the U.S. He was formerly Chairman of The Link Management Ltd., which manages a portfolio of previously government-owned retail and car parking assets. Mr. Cheng has a B.A. degree from Lake Forest College (Illinois, U.S.A) and received his M.B.A. degree from the Wharton Graduate School of Business at the University of Pennsylvania.

Commenting, Don Lam, Director of the Company and Chief Executive Officer of the Company's investment manager, said: "I am pleased to relinquish my role as Chairman of the Company to Paul Cheng, who has been a valued member of the Board since the Company's establishment. The appointment of an independent Chairman reflects our commitment to corporate governance standards. Paul knows very well the challenges and opportunities the Company faces, and he will continue as Chairman to help VNI grow its operations and return value to shareholders."

Notes to Editors:

VinaCapital is the leading investment management and real estate development firm in Vietnam, with a diversified portfolio of almost USD2 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of managing directors who bring extensive international finance and investment experience to the firm. VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds, at a combined net asset value (NAV) of USD1.7 billion as of December 2010, make VinaCapital the largest asset manager focused on Vietnam and its neighbouring countries. 

VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore. More information about VinaCapital is available at www.vinacapital.com.

More information on Vietnam Infrastructure Limited is available at www.vinacapital.com/vni

Enquiries:

Michael L. GrayVinaCapital Investment Management LimitedInvestor Relations/Communications+84 8 821 9930michael.gray@vinacapital.comHiroshi FunakiLCF Edmond de Rothschild Securities, Broker+44 20 7845 5960funds@lcfr.co.ukDavid Benda / Hugh JonathanNumis Securities Limited+44 (0)20 7260 1000Alastair HetheringtonFinancial Dynamics, Public Relations (Hong Kong)+852 3716 9802alastair.hetherington@fd.comAndrew WaltonFinancial Dynamics, Public Relations (London)+44 2072697204andrew.walton@fd.comPhilip SecrettGrant Thornton Corporate Finance, Nominated Adviser+44 20 7383 5100philip.j.secrett@gtuk.com