HDC: Report on Trading of Major Shareholder

The following are report on trading of a major shareholder of Ba Ria - Vung Tau House Development Joint Stock Company (HODECO):

Stock symbol:   HDC

Trader: Credit Suisse (HongKong) Limited

Owning volume before trading:     367,550 shares (4.52%)

Bought volume: 250,800 shares

Owning volume after trading:       618,350 shares (7.61%)

Trading date:     October 19th 2007

HoSE

>   NKD: Trading result of major shareholders (29/10/2007)

>   PNC co-operates with Indochina Capital (29/10/2007)

>   SDN: insider trading (29/10/2007)

>   SGC: INSIDER TRADING (29/10/2007)

>   TCT – business results Q3/2007 (29/10/2007)

>   TMC – business results in Q3/2007 (29/10/2007)

>   DIC: financial statement  Quarter 3 - 2007 (29/10/2007)

>   HRC: Insider Trading (29/10/2007)

>   HRC: Insider Trading (29/10/2007)

>   MHC: Trading of an Affiliated Person (29/10/2007)