Vietnam Property Fund Limited

"VPF" or "the Company"

ANNUAL GENERAL MEETING

The Company announces that it has today posted to shareholders a circular for the Annual General Meeting of the Company to be held at 11.00a.m. on 15th December 2009 at 1901 Me Linh Point, 2 Ngo Duc Ke, District 1, Ho Chi Minh City, Vietnam.

The circular is available for viewing on the Company's website: www.vietnampropertyfund.com.

Enquiries:

Rachel Hill, Dragon Capital Markets (Europe) Limited                  |     Tel: +44 79 71 214 852

Chris Howard / Christopher Wren, Seymour Pierce Limited        |    Tel: +44 20 7107 8000

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