Major Interests in Shares

2009-11-26 08:30:06 -

London, November , 26, 2009

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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