VinaCapital Vietnam Opportunity Fund Ltd ('the Company') announces that on 10 May 2012, pursuant to the share buyback authority added to the Company's charter on 25 October 2011, Visaka Holdings Limited, a wholly-owned subsidiary of the Company, purchased 100,000 Ordinary Shares of US$0.01 each at an average price of US$1.585 per share.

Following this transaction, the Company has a total of 324,610,259 Ordinary Shares in issue, of which 6,602,000 are held as treasury shares, and the total number of voting rights in the Company will be 318,008,259.

More information on the Company is available at www.vinacapital.com/vof.

Enquiries:
David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930
david.dropsey@vinacapital.com

Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com

Hiroshi Funaki
LCF Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
d.benda@numis.com

Mark Walters
FTI Consulting, Public Relations (Hong Kong)
+852 3716 9802
mark.walters@fticonsulting.com

Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com