IES Holdings Ltd.

Report Publication Announcement • Dec 13, 2017

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RNS Number : 2674Z

VietNam Holding Limited

13 December 2017

VietNam Holding Limited ("VNH" or the "Company")

Monthly Investor Report

A report detailing the activities of the Company for the month of November 2017 has been issued by VietNam Holding Asset Management Limited, the investment manager of the Company. Electronic copies of the report have been made available to shareholders on the Company's website at http://www.vietnamholding.com/publications/investor-reports and a summary of the report is included below.

Investor Report Summary

After invoking the most famous character of the writer Robert Southey on this page two months ago, in describing the moderate, sustainable-looking characteristics of Vietnam's five year old bull market, it is only responsible for us to report that this is the month that the blond-haired girl turned ebullient. The Vietnam All Share Index (total return, dollars) put on 12.6% in the month, bringing the year-to-date rise to a near-top-of-world 48.5%. Thus, at 16.5x trailing earnings, suddenly Vietnam as a whole has decisively left territory that can be described as "unambiguously cheap". The VNH fund's NAV per share rose 10.5% in the month to USD 3.003, putting its year-to-date rise at 22.8% excluding share capital corporate actions and 13.3% including them.

For more information please contact:

VietNam Holding Asset Management Limited
Investor Relations Jay Vontobel investorrelations@vnham.com www.vietnamholding.com
finnCap Nominated Adviser and Corporate Broker	Tel: +44 20 72200500
William Marle / Alex Price
Buchanan Communications Financial Public Relations	Tel: +44 20 7466 5000
Charles Ryland / Vicky Hayns

This information is provided by RNS

The company news service from the London Stock Exchange

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