LGL: Rights transaction

Long Giang Investment and Uban Development Joint Stock Company (LONG GIANG LAND) announces a rights transaction of an inside member as follows:

* Stock symbol: LGL

* Trader: Long Giang Investment Group Joint Stock Company

* Affiliated person: Mr. Le Ha Giang – the Chairman of the BOD and the CEO at LONG GIANG LAND

* Owning volume before trading: 2,150,000 shares

* Rights volume allotted from the issue: 2,150,000 rights (Equivalent to 1,075,000 new shares)

* Rights volume registered to sell: 1,360,000 rights equivalent to 680,000 shares of an additional issue

* Estimated share volume equivalent to allotted rights after trading: 395,000 new shares

* Owning volume after trading: 2,545,000 shares (2,150,000 hares + 395,000 new shares)

* Trading method: Put through

* Expected trading time: From March 12, 2010 to March 15, 2010.

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