31 October 2016
DCI Vietnam Capital Management Co. Ltd.
Daiwa Corporate Investment Co., Ltd.

Establishment of “DAIWA-SSIAM Vietnam Growth Fund II L.P.”
Daiwa Corporate Investment Co., Ltd. (“DCI”), through its subsidiaries, DCI Vietnam
Capital Management Co. Ltd., (incorporated in Cayman Islands) and SSI AssetManagement Co., Ltd. (“SSIAM”, a subsidiary of Saigon Securities Inc. (“SSI”), thelargest securities company in Vietnam), are pleased to announce the establishment of"DAIWA-SSIAM Vietnam Growth fund II LP" (the “Fund II").
Total capital commitments of the Fund II is approximately USD 40 million raised fromJapanese and foreign investors (including the commitments from Daiwa Securities
Group and SSI). The Fund II has already started its investment activities taking theopportunity of Vietnam’s strong economic re-emergence and immense growth potential
over the next decades. The Fund II aims to provide growth capital as well as active
hands-on supports to fast-growing companies in Vietnam to achieve higher return on
investment by increasing the corporate value of the portfolio companies.

1. Executives Summary
In October 2009, DCI and SSIAM jointly established their first Vietnam-dedicated private
equity fund (the “Fund I”) and the Fund I had successfully completed divestments of all
portfolio companies and made its final distribution to its limited partners with excellent
investment performance in September 2015.
Vietnam is expected to continue its sustainable high economic growth driven by
expansion of domestic consumption along with rising middle income class in the large
population of 93 million (average age 29 years), and the surge of the importance as adestination for foreign direct investment (“FDI”) and favorable export condition.
Political stability since the introduction of Doi Moi (Reform) Policy in 1986, recovery of
foreign currency reserve and stability of interest rate and its currency since 2012 havecreated favorable macroeconomic environment.

Trans-Pacific Partnership (“TPP”), which was reached agreement last October, will
boost both inflow of FDI and enhance the attractiveness of Vietnam as manufacturing
and export base, as well as encouraging its economic reform efforts further.
Since Vietnam is expected to continue providing attractive investment opportunities,
DCI and SSIAM decided to establish the successor fund. The Fund I and II are the onlyand unique joint-managed funds by the major securities group of Japan and Vietnam byutilizing each of the expertise, knowledge and network. Also the Fund II is the firstestablishment of the successor fund that dedicate to Vietnam private equity investment byJapanese PE fund management company.

2. Investment Strategy and Methodology
The Fund II intends to focus on investing consumer goods & services-related sector andagriculture & aquaculture-related product sector where strong growth is expected driven
by attractive demographics, rapid urbanization, rising middle income class and changes
in life style.
These sectors are also anticipated to be benefitted from on-going landmark trade pacts
such as TPP, generating further external demands for Vietnamese products in addition
to growing domestic consumption.
The Fund also considered a promising investment opportunities in the Government’s
SOE privatization program.
In order to secure a meaningful influence on the corporate governance of each investee
company, the Fund II intends to make a significant minority investment with anownership of between 10% to 30% and seats on the board of directors and/or the boardof supervisors of each investee companies. The Fund II will further utilize strong
corporate network of the Daiwa Securities Group with Japanese companies in order toboost the portfolio companies’ value by facilitating strategic alliances between them.

3. The Fund Structure

Summary of Key Terms of the Fund IIName

DAIWA-SSIAM Vietnam Growth Fund II L.P.

Fund Structure

Cayman Islands exempted limited partnership

Investment ObjectiveTo generate capital gains and income by investing primarily
in a number of non-listed companies in Vietnam, and, tosome extent, in listed companies in Vietnam by way ofPIPEs. Also selectively invest in divestment stakes of SOEsby Vietnam Government

General Partner

DCI Vietnam Capital Management Co. Ltd., an exemptedcompany incorporated with limited liability in the Cayman
Islands

Investment Manager ofSSI Asset Management Co. Ltd., a company incorporated inthe Parallel FundVietnam

Fund Maturity

8 years (Investment period 4 years)

Total Fund Commitment

US$ 39.32 million

4. Contact
DCI Vietnam Capital Management Co. Ltd.
Kazuyoshi Mizukoshi +81-3-5555-6318
Toru Sasazawa+81-3-5555-6344