PSC: Report on use of proceeds

Petrolimex Saigon Transportation and Service JSC (HNX: PSC) reports the use of proceeds on 06/10/2010 as follows:

1. Information on the issue

- Stock name: Petrolimex Saigon Transportation and Service JSC

- Stock code: PSC

- Par value: VND 10,000/share

- Number of shares registered for offering: 2,800,000 shares

+ Issue to outstanding shareholders (Based on rate 1:1): 2,000,000 shares with issue price of VND 15,000/share

+ Issue to Vietnam National Petroleum Corporation: 800,000 shares with issue price of VND 20,000/share

- Number of shares disposed: 2,800,000 shares

- Proceeds: VND 46,000,000,000

+ Outstanding shareholders: VND 30,000,000,000

+ Vietnam National Petroleum Corporation: VND 16,000,000,000

2. Report on use of proceeds

- Purpose of the issue: Investing in PTS office building project and supplementing working capital

- Use of proceeds:

+ First stage: VND 19,784,764,059

+ Second stage:

• Building: VND 4,771,112,273

• Petroleum store: VND 1,383,927,273

• Xitec lorry: VND 2,039,000,000

Total: VND 8,194,039,546.

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