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Published on Wednesday, 5 March 2008

Appendix 3B

Appendix 3B

  
Appendix 3B
New issue announcement
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement, application for quotation of additional securities and agreement
 
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX¡¦s property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.
 
Name of entity VIETNAM INDUSTRIAL INVESTMENTS LIMITED
ABN 64 063 656 333
 
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued or to be issued 
 
Ordinary Shares
 
2 Number of +securities issued or to be issued (if known) or maximum
number which may be issued 
 
38,957,421
 
3 Principal terms of the +securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)
 
Fully Paid Ordinary Shares
 
Appendix 3B
New issue announcement
 
4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state:
„h the date from which they do
„h the extent to which they participate for the next dividend,
(in the case of a trust, distribution) or interest payment
„h the extent to which they do not rank equally, other than in
relation to the next dividend, distribution or interest payment
 
Yes
 
5 Issue price or consideration 
 
A$0.15 per share
 
6 Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)
 
The funds raised by the Offer, after payment of the costs of the Offer, will be used by the Company to address the following activities:
 
(a) repayment of loan provided to the Company, totalling approximately A$1,600,000;
(b) reduce SSESTEEL Ltd's short term debt and net deficiency of approximately A$3,000,000; and
(c) fund working capital requirements of a minimum of approximately A$1,200,000 of the Company and its operating subsidiaries
in Vietnam, namely VRC Weldmesh (Vietnam) Ltd, Vinausteel Limited,
SSESTEEL Ltd, Total Building Systems Ltd, Austnam Joint Stock Corporation, to enable the Company and its subsidiaries to
continue to expand their manufacturing capacity and capabilities.
 
7 Dates of entering +securities into uncertificated holdings or despatch of certificates
 
5 March 2008
 
Appendix 3B
New issue announcement
 
8 Number and +class of all +securities quoted on ASX (including the
securities in clause 2 if applicable)
 
142,277,423 Ordinary Shares
 
9 Number and +class of all +securities not quoted on ASX (including the securities in clause 2 if applicable)
 
N/A
 
10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)
 
The Company currently has no dividend policy.
 
Part 2 - Bonus issue or pro rata issue
 
11 Is security holder approval required?
 
No
 
12 Is the issue renounceable or nonrenounceable?
 
Renounceable
 
13 Ratio in which the +securities will be offered
 
1 for 2
 
14 +Class of +securities to which the offer relates
 
Ordinary Shares
 
15 +Record date to determine entitlements
 
6 February 2008
 
16 Will holdings on different registers(or subregisters) be aggregated for calculating entitlements?
 
N/A
 
17 Policy for deciding entitlements in relation to fractions
 
Entitlements were rounded down to the nearest whole number
 
Appendix 3B
New issue announcement
 
18 Names of countries in which the entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.
 
Only Australian and New Zealand registered security holders were allowed to participate in the Rights Issue
 
19 Closing date for receipt of acceptances or renunciations
 
26 February 2008
 
20 Names of any underwriters 
 
N/A
 
21 Amount of any underwriting fee or commission
 
N/A
 
22 Names of any brokers to the issue 
 
N/A
 
23 Fee or commission payable to the broker to the issue
 
N/A
 
24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of +security holders
 
N/A
 
25 If the issue is contingent on +security holders¡¦ approval, the date of the meeting
 
N/A
 
26 Date entitlement and acceptance form and prospectus or Product
Disclosure Statement will be sent to persons entitled
 
12 February 2008
 
27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders
 
N/A
 
28 Date rights trading will begin (if applicable)
 
Began on 31 January 2008
 
29 Date rights trading will end (if applicable)
 
Ended on 19 February 2008
 
30 How do +security holders sell their entitlements in full through a
broker?
 
Complete section marked 'Instructions to your Stockbroker' on Entitlement and Acceptance Form and lodge with stockbroker
 
Appendix 3B
New issue announcement
 
31 How do +security holders sell part of their entitlements through a
broker and accept for the balance?
 
Complete section marked 'Instructions to your Stockbroker' on Entitlement and Acceptance Form for the balance to be sold on the ASX
and lodge with stockbroker
 
32 How do +security holders dispose of their entitlements (except by sale through a broker)?
 
Complete standard renunciation form, Entitlement and Acceptance Form and transferee's cheque returned to the Company's Share Registry
 
33 +Despatch date 
 
5 March 2008
 
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities
 
34 Type of securities
(tick one)
(a) Securities described in Part 1 X
 
(b) All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities 
 
Entities that have ticked box 34(a)
 
Additional securities forming a new class of securities
 
Tick to indicate you are providing the information or
documents
 
35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
 
36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories
 
1 - 1,000
1,001 - 5,000
5,001 - 10,000
10,001 - 100,000
100,001 and over
 
Appendix 3B
New issue announcement
 
37 A copy of any trust deed for the additional +securities
 
Entities that have ticked box 34(b)
 
38 Number of securities for which +quotation is sought
 
N/A
 
39 Class of +securities for which quotation is sought
 
N/A
 
40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
 
If the additional securities do not rank equally, please state:
„h the date from which they do
„h the extent to which they participate for the next dividend,
(in the case of a trust, distribution) or interest payment
„h the extent to which they do not rank equally, other than in
relation to the next dividend, distribution or interest payment
 
N/A
 
41 Reason for request for quotation now
Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)
 
N/A
 
42 Number and +class of all +securities quoted on ASX (including the
securities in clause 38)
 
N/A
 
Appendix 3B
New issue announcement
 
Quotation agreement
1 +Quotation of our additional +securities is in ASX¡¦s absolute discretion. ASX may quote the +securities on any conditions it decides.
 
2 We warrant the following to ASX.
„h The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
„h There is no reason why those +securities should not be granted +quotation.
„h An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give
this warranty
„h Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
„h If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
 
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
 
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
 
 
Mark Clements
Company Secretary
5 March 2008
 
 
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