HDC: Dividend Payment in Cash

HOSE announces the record date for the second tranche of 2008 dividend of Ba Ria - Vung Tau House Development Joint Stock Company (HDC: HODECO):

* Stock symbol:   HDC

* Stock type:       Common stock

* Par value:          VND 10,000     

* Ex-right date:     May 18, 2009

* Record date:      May 20, 2009

* Dividend pay-out ratio:    1%/ par value (VND100/ share)

* Payment date:               June 10, 2009

* Place & procedure of payment:

- Shareholders whose shares have been deposited: At the securities firms where the shares have been deposited.

- Shareholders whose shares have not been deposited: At HODECO.

Vietnam Securities Depository _ HCMC Branch will temporarily suspend the depository activities for HDC on May 19, 20 & 21, 2009.

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