Sao Mai Construction Corporation: Notice of Auction

Issuer: Sao Mai Construction Corporation

Short name: SAOMAI CONSCORP

Head office: 326 Hung Vuong St., My Long Ward, Long Xuyen City, An Giang Province

Tel: (84.76) 840 138 - Fax: (84.76) 840 139

Volume for auction         : 1,554,000 shares

Par value           : VND10,000/share

Beginning price  : VND16,000 / share

Auction organizer           : Hochiminh Stock Exchange

Consulting company       : Sai Gon Securities Inc. (SSI)  

Conditions to participate in the auction: the investors said in IPO Regulation of SAOMAI CONSCORP.

Time for registration and deposit: from 8:00am October 24th, 2007 to 11:00am November 05th, 2007.

Time for submitting registration forms: no latter than 3:00pm November 9th, 2007.

Auction date      : 9:00am November 13th, 2007   

Auction venue    : Hochiminh Stock Exchange

45-47 Ben Chuong Duong, District 1, HCMC

Road-show:

South: October 28th, 2007

Rex Hotel, 141 Nguen Hue St., Dist.1, HCMC

North: October 31st, 2007

International Conference Center (ICC), 11 Le Hong Phong St., Ba Dinh Dist., Hanoi.

Place for registration and deposit:

At: SAOMAI CONSCORP’s head office - 326 Hung Vuong St., My Long Ward, Long Xuyen City, An Giang. – Tel: (84.76) 840 138;

And at the following securities companies:

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