PXS: Resolution of the Board of Directors

Petroleum Equipment Assembly and Metal Structure JSC (HOSE: PVX) announced the resolution of the Board of Directors:

Article 1: Approving the assignment to member of the Board of Directors

Article 2: Approving the investment in PetroVietnam Machinery-Technology Company project

Article 3: Approving the first dividend payment of 2011and balloting shareholders

3.1. The first dividend payment of 2011:

• Payment rate: 10% in cash from Capital: VND375,180,010,000; The remaining profit of 2010: VND16,282,676,234; Profit after tax of the first 06 months of 2011: VND58,536,856,560

3.2. Balloting shareholders:

• Change of address business (From 35G Street 30/4 Ward 9, Vung Tau city to 02 Nguyen Huu Canh, Thang Nhat Ward, Vung Tau city)

• Additional business

Article 4: This resolution takes effect from September 05, 2011.

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