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 25 Jan 2024 its Estimated NAV was USD 124.3 million or USD 4.554 per share and GBP 97.6 million or GBP 3.577 per share (GBP/USD = 1.2732).

Change in position as of 25 Jan 2024:

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 29 Dec 2023. Calendar year-to-date performance is calculated by reference to NAV/share and VNAS at the previous calendar year end (29 Dec 2023). 1-year performance is calculated by reference to NAV/share and VNAS as at 25 Jan 2023. 3-year CAGR (compound annual growth rate) is calculated by reference to NAV/share and VNAS as at 25 Jan 2021. 5-year CAGR is calculated by reference to NAV/share and VNAS as at 25 Jan 2019. 10-year CAGR is calculated by reference to NAV/share and VNAS as at 25 Jan 2014. 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