Doc re. Proposal Update


 
TIDMICV 
 
For immediate release on 14 June 2010 
 
                   INDOCHINA CAPITAL VIETNAM HOLDINGS LIMITED 
                            ("ICV" or the "Company") 
 
                                Proposals Update 
 
 
As  reported in the AGM statement on 12 May 2010, it is anticipated that trading 
in  the Company's ordinary shares on the London Stock Exchange's main market for 
listed  securities will  cease at  the close  of business  on 29 June 2010, with 
cancellation  of the listing on the Official list taking effect at 8 a.m. on 30 
June 2010. 
 
The  board also  announced that  it is  considering, following 30 June 2010, the 
establishment of an informal mechanism for matching proposed sellers of ordinary 
shares  with proposed buyers.  The board has  recently received indications from 
two  firms that they may be prepared  to operate a 'matched bargain' market, but 
there can be no guarantee as to liquidity or price. Their contact details are: 
 
LCF Edmond de Rothschild       44 207 862 5960 
Jeffries International                   44 207 898 7106 (Bloomberg page JJFD) 
 
The  Company's disposal process  continues. In light  of a review  of one of the 
investments  which is  not achieving  the targets  expected, we  have decided to 
write down the value of this investment, which will reduce the overall net asset 
value per share of the Company by approximately $0.28 or 6%. 
 
 
For further information please contact: 
Indochina Capital Advisors Limited                   +84 8 3520 2002 
Rick Mayo-Smith 
 
Arbuthnot Securities Limited                             020 7012 2000 
Alastair Moreton 
Hannah Pearce 
 
"Ordinary Shares - Listing Category: Standard - Equity" 
 
 
[HUG#1423519]

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