A.C.N. 063 656 333
A.B.N. 64 063 656 333
VIETNAM INDUSTRIAL INVESTMENTS LIMITED
13 November 2007
Company Announcements Office
2 The Esplanade
PERTH WA 6000
The Company wishes to advise that Mr Alex Hambly, Board member of Prudential Vietnam Fund Management Company, has been appointed as a director of VII effective today. Mr Hambly replaces outgoing VII non-executive director, Mr Michael Bowen.
Messers, Clements and Lee have advised VII’s ultimate holding company, Corbyns International Limited (“Corbyns”) that it is their intention to resign from the VII Board and its subsidiaries on 30 November 2007 or some earlier date as agreed upon with Corbyns.
Mr Young intends to remain as a director of VII and Mr Clements intends to remain as company secretary of VII.
Corbyns has advised VII that it intends to conduct a review of VII’s operations as a matter of urgency so that Corbyns may advise the VII Board of how Corbyns intends to meet VII’s and its subsidiaries financial obligations.
SIMON LEE AO