SAV: The BOD's resolution of personnel changes

Savimex Corporation (SAV: SAVIMEX) has disclosed decisions of personnel changes in the BOD’s meeting as follows:

1. Replacing Mr. Nguyen Hoang Vu (A Member of the BOD resigned) by Mr. Tran Van Tri (the CEO of SAVIMEX) from August 12, 2009 to the end of term of Mr. Nguyen Hoang Vu and collecting shareholders’ approvals of this by ballot.

2. Saigon Asset Management Corporation (SAM) nominated Mr. Louis T Nguyen (Nguyen The Lu) – CEO of SAM who was authorized 1,916,350 shares of SAV (19.23% of SAV’s outstanding shares) and will appoint additionally a new member in the BOD of SAV with a three-year term after shareholders approve that by ballot.

3. The CEO was athorized to implement the collection of shareholders’ approvals by ballot and announce the result of replacement and supplement.

4. The resolution was effect on the signature date.

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>   PET: Change of BOD member (25/08/2009)

>   SEB: Management Change (24/08/2009)

>   PLC: Board Resolution (24/08/2009)

>   SD8: Management Changes (24/08/2009)

>   S99: Change in Information Disclosure Officer (24/08/2009)

>   STL: Management Changes (21/08/2009)

>   PVS: Management Changes (21/08/2009)

>   Vina Securities JSC: Management change (21/08/2009)

>   GLS: Assigning Deputy Director General (20/08/2009)

>   BCC: Directorate Change (20/08/2009)