VinaCapital Vietnam Opportunity Fund Limited ("the Company" or "VOF")
    LEI No.: 2138007UD8FBBVAX9469

    VOF invests in Orient Commercial Bank, one of Vietnam's fastest-growing retail 
                                         banks                                     

    Ho Chi Minh City, 19 October 2017 - VinaCapital Vietnam Opportunity Fund
    ("VOF"), (LSE: VOF), the flagship fund of VinaCapital, today announced that it
    has invested in Orient Commercial Bank (OCB), a mid-tier retail bank in
    Vietnam, via a privately negotiated deal. VOF's investment, which recently
    received regulatory approval, is approximately USD11 million, for an interest
    of less than 5%.

    Andy Ho, Managing Director of VOF, said, "This investment is a rare opportunity
    to own a meaningful stake in a bank that has high lending and earnings growth,
    and a strong management team with a clear strategy for expansion. Over the past
    five years, OCB has been restructuring its business, and is now well-positioned
    to implement its growth strategy. In addition to negotiating an attractive
    price, we were able to obtain certain minority protections and performance
    commitments, which made this transaction all the more attractive."

    About OCB

    OCB was established in 1996, and currently ranks 17th out of 34 banks in terms
    of total assets. The bank has been rapidly expanding over the past four years,
    with CAGR of 23%, and expects earnings growth of approximately 100% and 30% in
    2017 and 2018, respectively. The bank expects 2017 profit after taxes to be
    USD34.3 million. OCB currently has 122 branches and offices nationwide, and
    aspires to become a leading retail bank targeting affluent individual customers
    as well as small and medium-sized enterprises. To help drive growth, OCB plans
    to diversify the range of products it offers to targeted customer segments.

    The bank expects to list on the Ho Chi Minh Stock Exchange before the end of
    2019.

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    About VinaCapital

    Founded in 2003, VinaCapital is a leading investment and asset management firm
    headquartered in Vietnam, with a diversified portfolio of USD1.8 billion in
    assets under management. The firm has two closed-ended funds that trade on the
    London Stock Exchange: the VinaCapital Vietnam Opportunity Fund Limited, which
    trades on the Main Market, and VinaLand Limited which trades on the AIM.
    VinaCapital also manages the Forum One - VCG Partners Vietnam Fund, one of
    Vietnam's largest open-ended UCITS-compliant funds, the Vietnam Equity Special
    Access Fund, numerous segregated accounts, and two domestic funds. VinaCapital
    also has joint ventures with Draper Fisher Jurvetson in venture capital, and
    Warburg Pincus in hospitality and lodging. VinaCapital's expertise spans a full
    range of asset classes including capital markets, private equity, real estate,
    venture capital, and fixed income.

    VOF is managed by VinaCapital Fund Management Limited, an entity managed and
    regulated in Vietnam by the State Securities Commission of Vietnam, a member of
    the International Organization of Securities Commissions.

    For more information about VinaCapital, please visit www.vinacapital.com .

    Enquiries:

    Jonathan Viet Luu                      Joel Weiden                           
                                                                                 
    Investor Relations                     Communications                        
                                                                                 
    +84 28 3821 9930                       +84 28 3821 9930                      

    jonathan.luu@vinacapital.com joel.weiden@vinacapital.com
     

    David Benda / Hugh Jonathan
    Numis Securities Limited, Broker
    +44 20 7260 1000
    funds@numis.com

    Franczeska Hanford
    Northern Trust International Fund Administration Services (Guernsey) Limited,
    Company Secretary
    +44 14 8174 5001
    fk26@ntrs.com

    Edward Gascoigne-Pees
    Camarco, Public Relations (London)
    +44 20 3757 4980
    ed.gascoigne-pees@camarco.co.uk