VCS: Board resolution on seasoned issue

Vinaconex Advanced Compound Stone Joint Stock Company (HNX: VCS)announces the plan on seasoned issue to increase charter capital from VND210,666,000,000 to VND310,666,000,000 as approved in the Board Resolution on 09/02/2011 as follows:

- Name of the issuer: Vinaconex Advanced Compound Stone Joint Stock Company

- Charter capital: VND210,666,000,000

- Stock code: VCS

- Stock type: Common stock.

- Par value: VND 10,000/share

- Total volume of shares to be offered: 10,000,000 shares

- Total par value of shares to be offered: VND 100,000,000,000

- Expected charter capital after the issue: VND310,666,000,000

- Offering method : Placement with outstading shareholders

- Offering price: VND27,000/ share

- Expected proceeds: VND 118,125,000,000

- Reasons for the issue: Supplement capital for investing into projects ratified by the General Meeting of Shareholders.

- Exercise rate: 100:47.46 (Shareholders are entitled to buy 47.46 new shares for every 100 shares they own. Number of shares received will be rounded down to units digit).

- Place for registration and settlement:

+ For deposited shares: Securities companies where shares of shareholders have been deposited.

+ For undeposited shares: Cement Materials and Transportation Joint Stock Company on working days.

- Purchase rights can be transfered once only.

- Place for transfer of share purchase rights:

+ For deposited shares: Securities companies where shares of shareholders have been deposited.

+ For undeposited shares: Cement Materials and Transportation Joint Stock Company on working days.

- Odd shares will be sold to the Union of the Company with the price not lower than that offered to outstanding shareholders.

- Unsold shares will be sold to other subjects with the price not lower than that offered to outstanding shareholders.

- Use of proceeds:

+ VND

+ Expected proceeds 270,000,000,000

+ Supplement capital to the Company enlargement project and Restructuring Style Stone Joint Stock Company 225,000,000,000

+ Contribute capital to Tan Phuoc Real Estate Joint Stock Company 45,000,000,000.

hnx

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