FOR IMMEDIATE RELEASE
Nov 10, 2009, Ho Chi Minh City, Vietnam



             INDOCHINA CAPITAL VIETNAM HOLDINGS LIMITED
           TR1: NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached: Indochina Capital Vietnam
Holdings Limited.
2. Reason for the notification: An acquisition or disposal of voting
rights.
3. Full name of person (s) subject to the notification obligation:
Integrated Core Strategies (Europe) S.ar.l.
4. Full name of shareholder (s) (if different from 3. ) iv:  N/A
5. Date of the transaction and date on which the threshold is crossed
or reached: 6 November, 2009
6. Date on which issuer notified: 9 November, 2009
7. Threshold (s) that is/are crossed or reached: 8.94%*
8. Notified details:


A: Voting rights attached to shares
   Class/Type of    Situation previous  Resulting situation after the triggering
      shares         to the Triggering                transaction
                        transaction
                    Number of Number of Number  Number of voting   % of voting
                     Shares    Voting     of         rights          rights
                               Rights   shares
                                        Direct  Direct  Indirect Direct Indirect
     Ordinary       4,145,374 4,145,374 780,784 780,784          8.64%
shares-VGG476901134






B: Financial
Instruments
Resulting situation after the triggering
transaction
Type of     Expiration Exercise/Conversion Number of voting    % of
financial   date       Period/Date         rights that may be  voting
instrument                                 acquired if the     rights
                                           instrument is
                                           exercised/
                                           converted








C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
Resulting situation after the
triggering transaction
Type of       Exercise Expiration Exercise/  Number of  % of voting
financial     price    date       Conversion voting     rights
instrument                        Period     rights
                                             instrument
                                             refers to
     CFD        N/A       N/A        N/A       27,050   Nominal Delta
    ISIN:
VGG476901134                                             0.30%   N/A



Total (A+B)
Number of voting rights     % of voting rights
          807,834                 8.94%


9.    Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if
applicable:


Proxy Voting:
10. Name of the proxy holder:     N/A
11. Number of voting rights proxy holder will cease to hold:  N/A
12. Date on which proxy holder will cease to hold voting rights: N/A
13. Additional information: *Percentage ownership based upon
outstanding share number of 9,034,984 Ordinary Shares with voting
rights. This updated outstanding share number was pursuant to a
compulsory repurchase by the issuer.
14. Contact name: Jonathan Lay
15. Contact telephone number: +44 (0) 20 7107 8444



                         END OF ANNOUNCEMENT

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