Company name Vietnam Phoenix Fd L
Headline NAV Restatements - Replacement

RNS Number : 5413B
Vietnam Phoenix Fund Limited
04 April 2017

The following replaces in its entirety the 'NAV Restatements' announcement released on 3rd April 2017 at 17.19 RNS number 4394B.




For Immediate Release

 04 April 2017



Re: NAV Restatements



The Directors of Vietnam Phoenix Fund Limited (the "Company") announce that certain  net asset values ("NAVs") per share issued by the Company, as at the following dates, which were originally provided to the ISE, have been restated as follows:

Share Class                                                      Original NAV (USD)                 Restated NAV (USD)


Ordinary Shares - 31 December 2016     0.8719                                      0.8772


Class C Shares - 1 January 2017                        0.3373                                      0.3426

Class C Shares - 25 January 2017                      0.3389                                      0.3443 

Class C Shares - 28 February 2017                    0.3419                                      0.3472 

These NAV restatements have resulted from receipt by the Company of an addendum to the valuation report from the third-party valuer engaged to provide independent valuations of the private equity positions held by the Company (the "Addendum").  The revised valuations contained in the Addendum impacted the NAV of the ordinary shares as at 31 December 2016.  The revised valuations contained in the Addendum also impacted the initial NAV determination for the Class C Shares from the date of their issue on 1 January 2017, as well as the Class C Share NAVs at 25 January 2017 and 28 February 2017.

Further information on the valuations of the private equity positions will be provided in the Company's annual report and audited financial statements for the year ended 31 December 2016, which the Board expects the Company to issue by the end of April 2017.

The valuations contained in the Addendum have no impact on the Class A Shares or the Class B Shares issued by the Company on 1 January 2017.







Contact: Bernard Fitzsimons

Phone:   +353 1 232 2000




Duxton Asset Management

Contact: Scott Weldon





This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange


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