At 14h30 pm on 12/29/2011, Department of Ha Noi Securities Exchange (HNX) officially announced the result of initial vote counting of auction selling shares to public conducted by Bank of Investment and Development of Viet Nam (BIDV). Accordingly, 84,75,146 shares of BIDV were successfully auctioned with specific details as below:

- Total of valid votes: 16.197 equal to 99,75% of registration cards.

- Total of valid orders: 140.738.300 shares, equal to 99,91%, in which:

From organizations: 39.056.000 shares

From individuals: 101.682.300 shares

- Number of invalid orders: 136.800 shares, took 0,09%, equal to 41 investorstook 0,25%.

- Highest ordered quantity: 5.000.000 shares

- Lowest ordered quantity: 100 shares

- Highest ordered price: 35.000 dongs/share

- Lowest ordered price: 18.500 dongs/share

- Highest successful bid price: 35.000 dongs/share (equal to 1,89 times of initial price).

- Lowest successful bid price: 18.500 dongs/share

- Average successful bid price: 18.583 dongs/share(equal to 104,48% of initial price)

- Total of winners: 16.197, in which:

Domestic organizations:127

Foreign organization:1

Domestic individuals: 16.041

Foreign individuals :28

- Total of sold shares: 84.754.146 shares. Sold out the quantity as planned, in which:

Domestic organizations:25.054.214 shares

Foreign organizations:44.420 shares

Domestic individuals: 59.574.717 shares

Foreign individuals:80.795 shares

- Total value of sold shares: 1.575.020.921.000 dongs

At IPO this time, total of bidding shares was 84,754,146 shares (equal to 3% of charter capital) with starting price at 18,500 dongs per share. There were 16,109 individual investors registered and made deposit purchasing 101,809,100 shares that representing 120.1% of total offered quantity; 129 organizations purchased 39,066,000 shares equivalent to 46.1% of total offered quantity.

According to Mr. Pham Quang Tung – Vice General Director of BIDV: “Number of purchased shares reaching to 166.2% of offerings demonstrated the confidence of investors to BIDV. This IPO had highest offering quantity in the year 2011 and number of registered investors ranking on the second in Viet Nam so far”.

As planned, since 12/29/2011 until 01/13/2012, the winners will start their payment for shares at security agencies where the investors registered and made deposit before; at the same time, from 12/29/2011 to 01/06/2012, all agencies will carry out deposit refund to losers.

Previously, on 11/30/2011, the Prime Minister issued the Decision no 2124/QD-TTg approving for equitization plan of BIDV and on 12/01/2011, State Bank issued Decision No 2589/QD-NHNN announcing enterprise value of BIDV to conduct equitization. Basing on agreement of Ministry of Finance, on 12/05/2011, the Government Office released the Written No 1392/VPCP-DMDN expressing opinions of Deputy Prime Minister Vu Van Ninh that agreed with suggestions of State Bank of Viet Nam on initial public price for share bidding of BIDV at 18,500 dongs/share.

On the basis  of the Government’s approval on time limit of information statement, time, place of auction and starting price, BIDV has rapidly carried out necessary activities to proceed IPO, including: programs introducing about selling shares of BIDV to investors took place on 10th and 11th of December, 2011 in Ha Noi and Ho Chi Minh city with thousands of participants; ensuring safety and transparency during process of making deposit at Securities agencies; Closely coordinating with HNX and BIDV Securities Company (BSC) to successfully hold the auction on 28th-29th of December, 2011.

Following the success of the auction, BIDV will complete selling preferential shares to its employees and the Trade Union before January 10th, 2012; organize the First Meeting of Shareholders on March 08th, 2012; finalize data on April 30th, 2012 before being equitized into Commercial Joint Stock Bank; list at Ho Chi Minh city Department of Securities Exchanges on June 26th, 2012.

In parallel with process of transferring and listing onto Securities Exchanges Market, BIDV will coordinate with Morgan Stanley Consultancy company to select strategic investors in order to complete this stage within the year 2012.

Equitization process of BIDV totally complied with current regulations on State enterprise equitization. BIDV gained above successful results thanks to the attention and direction as well as timely solutions of Government, State Bank and other ministries to approve for equitization plan of BIDV; promptly and scientific actions of HNX; advisory of BSC and contribution of 11 securities companies as a dealers; rightly direction of BIDV’s board of leader; and the support of communication units.

In the context that securities market facing with many difficulties as currently, the successful results of BIDV in the first auction clearly proved the interest of quite a few investors in stock of BIDV – potential stocks bring back long term benefits to shareholders. BIDV awares that conducting IPO in difficult time will face to many disadvantages but as planned BIDV determined to carry out with highest effort to acceralate equitization process combining with renovating its business structure towards sustainable development, further integrating and improving long term competitiveness.

Chairman of BIDV said: “BIDV believes that under the direction and support of Government, Ministry of Finance, State Bank, domestic stock market will be increasingly transparent, the development of market support tools, restructuring the market by improving quality of participants will take the market to a new stage with new chances for BIDV as well as other enterprises, providing real value for investors”.

Contact:

Branding and Public Relations Department

Bank of Investment and Development of Viet Nam

Tel: 04. 22205256; Fax: 04. 22225316