Press Release

Vietnam Property Holding - Result of 2008 Annual General Meeting


Vietnam Property Holding, a Cayman Islands registered closed-end investment company listed on the Frankfurt Stock Exchange and Xetra, announces today that all resolutions proposed to Shareholders at the Company’s Annual General Meeting were duly passed. Information on the resolutions is available on the website of Saigon Asset Management: www.saigonam.com

For further inquiries, please contact:

Mr. Toan Nguyen
Investor Relations
Saigon Asset Management
Military Bank Building
75-77 Calmette Street, District 1
Ho Chi Minh City, Vietnam
Phone: +84-8-5404-3488
Fax: +84-8-5404-3487
Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
www.saigonam.com

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