Vietnam Emerging Equity Fund

Limited (VEEF)

Fund Investment Objectives

Vietnam Emerging Equity Fund Limited is a long only value-based investment seeking absolute returns. The principal investment objective of the Fund is to seek long-term capital appreciation of its assets by investing in a portfolio of the equity securities of Vietnamese companies, whether established with domestic or foreign ownership. The Fund may also invest in the shares of companies listed abroad which have significant exposure to Vietnam and a market capitalization in excess of US$100 million. The fund's actual inception date is November 3, 2005.