Mekong Enterprise Fund invests US$900,000 in AA Construction Architecture Joint Stock Company

HO CHI MINH CITY, VIET NAM (26 March 2003) --Mekong Capital has announced that the Mekong Enterprise Fund, Ltd. has made an investment of US$900,000 in AA Construction Architecture Joint Stock Company.

Mekong Enterprise Fund invests US$900,000 in AA Construction Architecture Joint Stock Company

HO CHI MINH CITY, VIET NAM (26 March 2003) --Mekong Capital has announced that the Mekong Enterprise Fund, Ltd. has made an investment of US$900,000 in AA Construction Architecture Joint Stock Company. This is the second investment made by the Mekong Enterprise Fund since its launch in April 2002.

AA is a leading furniture and interior contracting company in Vietnam, with three main business lines. The first business line is interior design contracting services, including the supply of furniture, doors, and stained glass for construction and refurbishment projects. AA is the leading interior design contractor for large international standard hotel and building projects in Vietnam. The second business line is the design, manufacturing and retailing of high-quality indoor furniture for the domestic furniture market under the Nha Xinh" and Designer Collection" brands and retail shops. Nha Xinh is the leading retail furniture brand in Vietnam. AAs third business line is the manufacturing and export of high quality indoor furniture to Japan and other countries. Revenues in 2002 were more than US$9.0 million.

The Mekong Enterprise Fund is the first private equity fund focusing primarily on equity investments in private entrepreneurial businesses in Vietnam, Laos and Cambodia. The Fund aims to invest in private companies founded and managed by private entrepreneurs, with a focus on export industries and local service providers. The Fund aims to add significant value to the companies in which it invests by helping to strengthen the management systems, without being directly involved in the management of those companies.

Investors in the Mekong Enterprise Fund currently include the Asian Development Bank (ADB), the Nordic Development Fund (NDF), the State Secretariat for Economic Affairs of Switzerland (SECO), the Finnish Fund for Industrial Cooperation Ltd. (Finnfund), the Belgian Investment Company for Developing Countries (BIO) and private investors.

The Investment Manager of the Fund is Mekong Capital Ltd. For more information on Mekong Capital, please visit the website www.mekongcapital.com.

Chris Freund, Managing Director of Mekong Capital said: We are very excited about the Funds investment in AA. Due to the strong commitment and vision of the companys Chairman and CEO, Mr. Nguyen Quoc Khanh, AA is already the leading company in Vietnam in interior contracting for large projects and domestic furniture retailing. We very much hope to contribute to the continued growth and success of the company by adding significant value as shareholders."

For more information, please contact:

Chris Freund
Managing Director
Mekong Capital Ltd
e-mail: info@mekongcapital.com