RCL: Notice of transaction of Directors, PDMR (Mr. Tuan)

RCL announces the notice of transaction of Directors, PDMR (Mr. Tuan) as follows:

-          Name of issuer: CHOLON Real Estate JSC

-          Stock code: RCL

-          Name of person discharging managerial responsibility: Mr. Vu Quoc Tuan

-          Position: Director

-          Securities type: Common stock

-          Number of shares held by the shareholder: 36,000 shares

-          Number of shares to be acquired: 14,000 shares

-          Total holding following transaction: 50,000 shares

-          Purpose of transaction: Personal

-          Expected date of transaction: From 8/5 – 5/6/2009

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