PVD: Board Resolution Mar 21

Petrovietnam Drilling and Well Services Joint Stock Company announced the resolution of the Board of Directors dated March 21, 2013 as follows:

Article 1: The Board of Directors approved the plan to issue new shares via private placements as contents of Documents No. 1232/PVD-TC dated December 12, 2013 by the CEO of Petrovietnam Drilling and Well Services Joint Stock Company:

1.       Choose PetroVietnam Securities Incorporation (PSI) and Bao Viet Securities Joint Stock Company (BVSC) as advisory companies for the issue shares.

2.       Approve summarized contents the Plan to issue shares via private placements including criterion and related condition for strategic and financial investors.

3.       Increase the charter capital via the issue new shares to meet investment demand and raise financial efficiency.

Article 2: The Board of Directors authorized the CEO to implement the issue new shares.

HOSE

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