Net Asset Value(s)

Indochina Capital Vietnam Holdings Limited 08 July 2009 Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful. Indochina Capital Vietnam Holdings Limited (the "Company") The Company today announces that, at the close of business on 30 Jun 2009, the Company's un-audited Net Asset Value was U.S.$ 243,273,563.76 representing a Net Asset Value per Ordinary Share of U.S.$ 5.33. A monthly Net Asset Value report is available upon request from the Company or may be accessed via For further information, please contact: Indochina Capital Advisors Limited (Investment Manager) Beat Schuerch, CEO Tel: +84 8 3910 15 25 No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use. This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States. End of Announcement ---END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.