Notification on Amendment of the Guideline on Securities Clearing and Settlement of VSD

15 August 2012

SAIGON SECURITIES INC.

Notification on Amendment of the Guideline on Securities Clearing and Settlement of VSD

On 15 August 2012, CEO of Vietnam Securities Depository (VSD) issued Decision No. 148/QĐ-VSD on amending and supplementing the Guideline on Securities Clearing and Settlement promulgated with Decision No.57/QĐ-VSD dated 8 May 2012.

The purpose of this amendment and supplementation is to shorten the settlement time for shares and fund certificates to 9:00am on T+3 according to Notice No. 83/TB-UBCK dated 8 May 2012 of the State securities commission of Vietnam.

Some changes in the new T+3 settlement cycle are as follows:
- Adjusting time for confirming trading results and submitting fixing error document from 10 am to 8:30am on T+2.
- Adjusting time for fixing account balance of deposits for clearing and settlement of DMs at the Settlement Bank to determine their solvency from 11:00am on T+3 to 4:00pm on T+2.

These amendments are to ensure the completion of settlement of securities and fund to take place earlier, which is before 9:00 am on T+3 (currently 3:00 pm on T+3).

Investors will be able to sell their securities on T+3 instead of T+4 as currently stipulated.
This decision takes effect from 4 September 2012.

Thank you and best regards,
Saigon Securities Inc.

Corporate Communications

Saigon Securities Inc.

1C Ngo Quyen, Hoan Kiem, Ha Noi, Vietnam

Tel: (84 4) 3 9366321

Fax: (84 4) 3 9366311

Email: [email protected]