PXS: Cash Dividend Payment

Petroleum Equipment Assembly And Metal Structure Joint Stock Company (HOSE: PXS) announces the record date to close shareholder list:

• Stock symbol: PXS

• Stock type: Common stock

• Par value: VND 10,000

• Ex-right date:  November 29, 2010

• (In case of put-through trading with volume from 100,000 shares and over on November 29 & 30, 2010 sellers will not receive the rights.)

• Record date:  December 01, 2010

• Dividend pay-out ratio: 14%/ par value (VND1,400/share)

• Purpose: To make dividend payment for 2010.

• Payment date: December 17, 2010

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 Petroleum Equipment Assembly And Metal Structure Joint Stock Company.

Please submit ID card and Shareholder certificates or the legal authorized letters on receipt of dividend.

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