FOR IMMEDIATE RELEASE
Nov 26, 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:
Carrousel Capital Limited
4. Full name of shareholder (s) (if different from 3. ) iv:  The
Carrousel Fund Limited
5. Date of the transaction and date on which the threshold is crossed
or reached: 24 November, 2009
6. Date on which issuer notified: 25 November, 2009
7. Threshold (s) that is/are crossed or reached: cross 5% threshold
8. Notified details:


A: Voting rights attached to
shares
Class/Type of    Situation         Resulting situation after the
   shares       previous to           triggering transaction
              the Triggering
                transaction
              Number  Number  Number     Number of      % of voting
                of      of      of        voting          rights
              Shares  Voting  shares      rights
                      Rights
                              Direct  Direct Indirect Direct Indirect
  Ordinary    400,000 400,000 650,000        650,000          7.19%
   shares-
VGG476901134




B: Financial Instruments
Resulting situation after the triggering
transaction
Type of financial     Expiration   Exercise/     Number of     % of
instrument            date         Conversion    voting        voting
                                   Period/Date   rights that   rights
                                                 may be
                                                 acquired if
                                                 the
                                                 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
                N/A       N/A        N/A      Below 3%  Nominal Delta
                                                                 N/A



Total (A+B)
Number of voting rights % of voting rights
        650,000               7.19%


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:
14. Contact name: Richard Watkins
15. Contact telephone number: 020 7534 6011


                         END OF ANNOUNCEMENT

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