Estimated Daily Net Asset Value

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 17 Dec 2018 its Estimated NAV was USD 148.8 million or USD 2.766 per share.

Change in position as at 17 Dec 2018

Please note that the above Estimated NAV is following the 15% tender offer approved by shareholders on 31 October 2018 and includes a 2% credit in relation to the discount applied to the tender pool.

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 30 Nov 2018. Fiscal year-to-date performance is calculated by reference to NAV/share and VNAS at the previous financial end (29 Jun 2018). Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (29 Dec 2017). 5 year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 17 Dec 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).

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

Craig Martin

craig@dynamcapital.com

Tel.: +84 28 38277 590

Dynam Capital Management Limited

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.