VNI Vietnam Inf.

TIDMVNI

RNS Number : 4829U

Vietnam Infrastructure Limited

18 January 2017

18 January 2017

Vietnam Infrastructure Limited (the "Company' or "VNI")

Completed divestment from Southeast Asia Telecommunications Holdings

Ho Chi Minh City, Vietnam - Vietnam Infrastructure Limited, the AIM-quoted investment vehicle established to target infrastructure and related investments within Vietnam's emerging market, is pleased to announce that VNI has successfully completed the divestment from Southeast Asia Telecommunications Holding Pte. Ltd. ("SEATH"). The second and final cash payment of USD2.5 million was received in full by VNI on 17 January 2017.

Following the completion of the disposal of SEATH, and in accordance with paragraph 5.6 of the AIM Note for Investing Companies, which forms part of the AIM Rules, the Company has disposed of substantially all its assets and now has a period of 12 months from the date of the SEATH disposal to implement its investing policy being an orderly wind up of the fund. If this is not fulfilled, the Company's shares will be suspended from trading on AIM in January 2018.

As previously notified, the Company will make a distribution during the first quarter of 2017 now the proceeds have been received from the sale of SEATH. An EGM with respect to the continuation vote will be held on or before 30 June 2017 at which a proposal to wind-up the fund will be proposed. Subject to the sale of the last remaining asset, IBS, the Company anticipates making a further distribution before or in conjunction with the commencement of the voluntary liquidation process towards the end of the 2017 financial year.

Enquiries:

Jonathan Luu

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

Jonathan.luu@vinacapital.com

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

joel.weiden@vinacapital.com

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

funds@numis.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 18, 2017 06:32 ET (11:32 GMT)

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