23/11/2009 06:39:00

Major Interests In Shares

FOR IMMEDIATE RELEASE

Nov 23, 2009, Ho Chi Minh City, Vietnam

INDOCHINA CAPITAL VIETNAM HOLDINGS LIMITED

TR1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of existing

shares to which voting rights are attached: Indochina Capital Vietnam

Holdings Limited.

2. Reason for the notification: An acquisition or disposal of

voting rights.

3. Full name of person (s) subject to the notification obligation:

Integrated Core Strategies (Europe) S.ar.l.

4. Full name of shareholder (s) (if different from 3. ) iv: N/A

5. Date of the transaction and date on which the threshold is

crossed or reached: 19 November, 2009

6. Date on which issuer notified: 20 November, 2009

7. Threshold (s) that is/are crossed or reached: below 3%*

8. Notified details:

A: Voting rights attached to shares

Class/Type of Situation Resulting situation after the

shares previous to triggering transaction

the Triggering

transaction

Number Number Number Number of % of voting

of of of voting rights

Shares Voting shares rights

Rights

Direct Direct Indirect Direct Indirect

Ordinary 375,862 375,862 Below Below Below

shares-VGG476901134 3% 3% 3%

B: Financial Instruments

Resulting situation after the triggering transaction

Type of Expiration Exercise/Conversion Number of voting % of

financial date Period/Date rights that may be voting

instrument acquired if the rights

instrument is

exercised/ converted

C: Financial Instruments with similar economic effect to Qualifying

Financial Instruments

Resulting situation after the

triggering transaction

Type of Exercise Expiration Exercise/ Number of % of voting

financial price date Conversion voting rights

instrument Period rights

instrument

refers to

CFD N/A N/A N/A Below 3% Nominal Delta

ISIN: Below N/A

VGG476901134 3%

Total (A+B)

Number of voting rights % of voting rights

Below 3% Below 3%

9. Chain of controlled undertakings through which the voting

rights and/or the financial instruments are effectively held, if

applicable:

Proxy Voting:

10. Name of the proxy holder: N/A

11. Number of voting rights proxy holder will cease to hold: N/A

12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information: *Percentage ownership based upon

outstanding share number of 9,034,984 Ordinary Shares with voting

rights. This updated outstanding share number was pursuant to a

compulsory repurchase by the issuer.

14. Contact name: Jonathan Lay

15. Contact telephone number: +44 (0) 20 7107 8444

END OF ANNOUNCEMENT

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This announcement was originally distributed by Hugin. The issuer is

solely responsible for the content of this announcement.

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