PGS: Board resolution on borowing money for business

Saigon Petroleum Constrution and Investment Joint Stock Company (HNX:PGS) announces the board resolution approved on 30/03/2011 as follows:

- Borrowing money for projects on CNG, LPG and for working capital in 2011.

- Total loans: VND463,773,353,218,

+ In which: + Medium-term loan: VND263,773,353,218

+ Short-term loan: VND200,000,000,000

- Collateral for the loan: Legal documents relating to assets formed from loans.

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