PET: PETROSETCO to buy back stock

Petrovietnam General Services Js Corporation (PET: PETROSETCO) has the intention to repurchase its own shares:

* Number of treasury stock currently: 0 shares

* Number of shares registered to be bought back: 233,500 shares

* Number of treasury stock after trading: 233,500 shares

* Financial resource for the transaction: Retained profit until 30 September 2009.

* Purpose: To withdraw the shares of the staffs who broke the company’s regulations because ending the labor contracts before term.

* Trading method: Not through the trading floor. PETROSETCO will buy those shares by itself because those shares have not been deposited and are being managed by PETROSETCO.

* Trading period: Expected from 24 November 2009 to 27 November 2009

hose

>   CII: Information announcement (18/11/2009)

>   S96: Results of Annual General Meeting of Shareholders 2009 (17/11/2009)

>   BHV: Result of transaction of connected person (17/11/2009)

>   BHV: Result of transaction of connected person (17/11/2009)

>   HUT: Result of transactions of Directors, PDMR (17/11/2009)

>   B82: Result of transactions of Directors, PDMR (17/11/2009)

>   SAP: Result of transactions of Directors, PDMR (Mr. Tam) (17/11/2009)

>   DBC: Adjustment of volume of shares offered to strategic shareholders on private placement (17/11/2009)

>   DTC: Board Resolution (17/11/2009)

>   VTL: Establishment of subsidiary (17/11/2009)