Always innovate Nothing impossible

New Era Viet & Co.

Corporate Profile

New Era Viet & Co.

22th September 2010

STRICTLY PRIVATE AND CONFIDENTIAL

A promoter of international best practices and professionalism

New Era Viet & Co. is a boutique consulting and advisory firm with a pursuit to enable Vietnamese corporations growing internationally and to provide a solid platform for global players penetrating into Vietnam. Our products and services

Growth strategy and capital management: transforming company to accelerate its growth by enhancing strategy and financial
capacity

Inorganic expansion: capturing markets and sustaining high growth via M&A, partnerships or joint ventures for both domestic
companies and international players who have appetite for Vietnam markets

Corporate action advisory: aligning with clients as their in-house resource to execute corporate activities such as Investor
Relations, IPO or capital raising events

Green field services: partnering with entrepreneurs to execute related issues which directly strengthen core operation
Our quality

Global perspectives with local insights: New Era Viet & Co is built up on a harmonic team of professionals who have both
overseas and local working experience for global conglomerates across difference sectors such as investment banking, management consulting and technology start up

Inspirational leadership: our objective is to transform organisation behaviours and to empower the execution of corporate vision Paramount teamwork: each selective team is assigned to work directly with decision making executives and project teams to
achieve a shared vision with our clients

Continuous innovation: we commit at any time to identify added values which our people can implement for our clients to bring
their corporation to the next development phase

Stages of your business lifecycle where we are always available to offer value added services

Your company development cycle Value / Cashflow

Our corresponding services

Revival
Acquisitions & disposals / JVs IPO / Trade sale Growth Development Time Start -up

divestments, re-organisation, liquidation, buyout diversification, portfolio restructuring, JV (new investments) exit strategies, listing advisory, investor relation optimise balance sheets, M&A and corporate finance, bank debts internal control and operation, professionalism, Private Equity growth strategy, sales generation, attracting angels and VCs capital

Our expertises are assembled to address the need of corporations and the market top executives
Corporate Advisory
Recommendation of capital
raising plan, corporate development agenda

Investment Consulting and Brokerage

Strategy and execution plan to
approach potential investors

Research
Providing in-house research on
macro, market and specific corporations

Facilitation in transactions
between buyers and sellers

Internal preparation for

public/private capitalization

Ad-hoc assignments on
particular market intelligence requests

Execution transactions on
behalf of principals

Fairness opinion on analysis

and valuation

Liaising with other third parties

providers based on principals orders

Investor relation
Effective communication to
stakeholders, investors and financial community

Market penetration
Market entry for international
companies

Executive training
Addressing the ad-hoc
knowledge requirements by top executives in different aspects of corporate management and expansion

Intelligence about industry,

investment environment and potential targets

Providing resources to
supplement in-house shortages in IR related issues

Supporting with legal work,

licenses and local administration processes

A pool of experts from private

equity houses, investment banks, leading consultancies, and top educational establishments

Offering exclusive network with

investment communities

A solid organisational structure with strong corporate governance

Steering committee and board of directors

Board of Management

Research (2)

Investment Consulting and Brokerage (4)

Corporate Advisory (3)

Investor relation (3)

Market penetration (3)

Executive training (2 + contractors)

Administration and Operation team (2 + analysts and interns)

Our dedicated deal team

Diversity of deal team background with a shared vision

Andrew Mai Director Andrew is responsible for corporate advisory and client management of New Era Viet & Co He is also acting as the Deputy General Director of a big local Financial Investment Corporation in Ho Chi Minh City. With previous executive positions in several real estate and financial institutions, Andrew possesses in-depth knowledge about Vietnamese markets and client dynamics. He also has an extremely tight relationships with the local authorities thanks to his time working at the State Bank of Vietnam (Vietnam central bank). Selection of the key projects that Andrew has been involved are listed below: Monitoring overseas consultants in credit projects directed by the State Bank of Vietnam, which involved in manufacturing, consumer products, real estate and social housing sectors; Preparing the establishment of the Mortgage Refinancing Agency (MRA) under the International Credit Project Management Unit of the State Bank of Viet Nam; Developing a 120 ha town planning project in District 7, Ho Chi Minh City; Developing a 1 ha complex building in Distric 2, Ho Chi Minh City; Advising buy side of several M&A transactions in Vietnam; Advising financial solutions to big corporations in Ho Chi Minh City; Andrew holds MBA from Ritsumeikan Asia Pacific University, Japan.

Contact details
Mobile: +84 904 953 812 Email: Andrew.Mai@neviet.com

Diversity of deal team background with a shared vision

Nhat Nguyen - Director Nhat is responsible for consulting services and corporate advisory of New Era Viet & Co. Nhat has international exposure and diverse experiences in financial advisory, management consulting, IT project development for semiconductor industry and engineering field. He has worked in Singapore for four years for world-leading semiconductor companies, where he managed several IT development projects and served as an in-house IT consultant to provide solutions for manufacturing activities. After coming back to Vietnam, Nhat joined a North American strategic management consulting company and involved in several assignments to help international companies develop market entry strategy and successfully break into the local market. He also worked extensively in market research and engagements with top executive levels of client companies to tackle their business problems. Selection of the projects that Nhat has been involved in are listed below: Advising a leading Vietnamese company in agri-related industry in preparation for capital raising and listing on the local stock exchange; Assisted top executives of a Canadian plastics manufacturer in establishing a US$ 5 million manufacturing plant in SE Asia: location scanning, negotiation with local authorities, head hunting local executives; Developed and executed market entry for a North American educational institution, assisted them to establish a partnership with a leading local institution; Built the financial model and worked on the business plan for a health care resort start-up project; Nhat develops decent interest in business strategy and finance. He is currently pursuing the Chartered of Financial Analyst program. He also holds a Bachelor of Electrical & Electronic Engineering with First Class Honors from Nanyang Technological University, Singapore.

Contact details
Mobile: +84 906 761 266 Email: nhat.nguyen@neviet.com

Diversity of deal team background with a shared vision

Phuong Ton - Director Phuong is responsible for advisory and investment practices of New Era Viet & Co. Throughout her career, Phuong has been involved in a number of operational aspects. At Unilever Vietnam, she was part of the team responsible for the establishment of the Corporate Risk Management Department, taking lead on Sarbanes-Oxley compliance as well as facilitating top management on various strategy setting and implementation activities. Prior to Unilever, she was the first local operations finance employee of Intel Products Vietnam, being in charge of two assignments to set up the management budgeting and reporting framework on both expense and capital sides, and to partner with industrial engineering to introduce and implement a new factory layout concept for Vietnam site. Phuong has also worked as an auditor for Ernst & Young Hanoi where she was involved in audit assignments for three state-owned banks, a credit scoring system set-up project for one of these banks as well as an operational efficiency assessment project for another under the funding of the World Bank. In her latest employment with Vietnam Investments Group, a boutique private equity firm targeting small to medium enterprises in expansion phase, Phuong has had exposure to consultancy, pre-investment as well as post-investment deal monitoring. She was lead analyst in a listing consulting project for one of the leading financial services companies and a core member in a strategy consulting project for a fishery and food services company. On the investment side, apart from deal appraisal activities, she also assumed post-investment deal coordinator role for a leisure and services company.

Phuong holds a Bachelor's Degree (Distinction) in Banking and Finance from the University of Technology, Sydney under the sponsorship of the Australian Government and is currently pursuing the Chartered Financial Analyst qualification.

Contact details
Mobile: +84 974 995 968 Email: phuong.ton@neviet.com

Diversity of deal team background with a shared vision

Stanley Nguyen Knowledge leader Stanley is currently a Senior Associate at Deals Advisory of a leading Big Four Accounting firm based in Ho Chi Minh City. Prior to reallocating back in Vietnam, he spent more than two years working as a Senior Associate at KPMG Corporate Finance based in Singapore. He has experience in providing financial due diligence as well as other financial advisory services in relation to project finance, Public Private Partnerships (PPP), financial modeling, financial model review, investment feasibility studies and deal structuring in infrastructure field. He has gained extensive experience across a wide range of sectors including manufacturing, social infrastructure, utilities, ICT in different jurisdictions including Singapore, Malaysia, and Vietnam. Some of the key projects that Stanley has been involved in are listed below: Financial due diligence on a number of Vietnamese companies; amongst others are Vietnamese leading private educational institution, a Vietnamese communication and advertising group, a FDI packaging manufacturing company based in Vietnam, a Vietnamese securities firm, and a leading Vietnamese paper manufacturing company Performance improvement advisory for AirAsia Berhad, Malaysia Deal structuring advisory for a Singapores government agency on its implementation of Next Generation National Broadband Network (NGNBN) Pre-feasibility study for a Singapores based educational institute on its proposed development of a comprehensive university in the Iskandar Development Region of Malaysia Pre-feasibility study for a South Africas government agency on its proposed development of a combined cycle power plant Financial advisory for a Singapore based waste and water engineering company on its proposed acquisition Feasibility study for a government agency of the Kingdom of Saudi Arabia on its proposed development of a Special Economic Zone Financial advisory for a developer based in Dubai on its proposed development of a integrated school Stanley holds a Bachelor of Business (Hons) from Nanyang Technological University of Singapore, completed the Advanced Project Finance Financial Modeling course conducted by Terrapin Financial Services and qualifying a member of UKs Association of Chartered Certified Accountants.

Contact details
Mobile: +84 168 793 7070 Email: stanley.nguyen@neviet.com

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Diversity of deal team background with a shared vision

Chau Luu Bich Market Analyst

Chau is currently a Market Analyst at New Era Viet & Co. Fluent in English, Chinese (in both Cantonese and Mandarin) and Vietnamese as well as growing up in the Vietnam- Chineses family, Chaus bi-cultural heritage and experience allows her a unique vantage point in connecting with our clients, both domestic and international as well.

Prior to working at New Era Viet & Co., she spent more than two years studying in Royal Melbourne Institute of Technology from which providing her professional knowledge about financial, economic and commercial fields. She has experience in providing advisory services. She has gained the consultant experience from the RMIT Student Learning Advisor Mentor including managed and organized and consultant time for first-year students and any aspects of coursework as well.

Chau graduated from Royal Melbourne Institute of Technology, who completed her degree with distinction in Commerce and Accountancy majors.

Some of the key responsibilities of Chau at New Era Viet & Co., have been involved in are listed below: Researching financial and other information of a number of Vietnamese companies and international companies as well; Providing in-house research on macro, market and specific corporations; Involving in projects as well as enhancing the projects operate efficiently by doing the administration and operational activities. Contact details

Mobile: +84 090 840 6725 Email: chau.luu@neviet.com

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Disclaimer

Important notice

This presentation was prepared by Viet Tan Ky Company Ltd. (VTK), exclusively for the benefit and internal use of RECOF Corporation (the Company) in order to indicate, on a preliminary basis, the feasibility of a possible transaction or transactions. This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by VTK. It may not be disclosed to, or referred to, by any third party or distributed, reproduced or used for any other purpose without the prior written consent of VTK. VTK is and shall not be obliged to update or correct any information set out in this presentation. This presentation is provided for discussion purposes only, does not constitute an offer or invitation for the sale, purchase, exchange or transfer of any securities or a recommendation to enter into the transactions hereby contemplated, and is not intended to form the basis of any investment decision. This presentation is based upon information provided by the Company and publicly available information. It reflects prevailing conditions and our initial views as at this date which we reserve the right to change. We have relied upon and assumed, without verification, the accuracy and completeness of all information available to us, whether from public sources or provided by or on behalf of the Company. VTK, save in the case of fraudulent misrepresentations, does not accept any responsibility or liability for (and no representation or warranty or assurance of any kind, express or implied, is or will be made as to or in relation to), the accuracy or completeness of such information, the contents of this presentation or any action taken or omitted by the Company as a result of receiving it. In addition, neither this presentation nor our analyses are nor purport to be appraisals or valuations of the assets, securities or business(es) of the Company any transaction counterparty. Nothing in this presentation should be construed as legal, tax or investment advice or as a recommendation or an offer to purchase or underwrite any securities from you, or to sell securities to you or to extend any credit to you or to do any of those things on your behalf. The information in this presentation is confidential and proprietary to us. This presentation remains our property and must be returned to us on request and any copies you have made must be destroyed. This presentation is not intended for distribution to retail clients (as defined in the Markets in Financial Instruments Directive (MiFID)) under any circumstances. VTK, and its respective affiliates, connected companies, employees or clients may have an interest in the securities (or related securities or other financial instruments or their related derivatives) ("Securities") mentioned in this document. This may involve activities such as dealing in, holding, acting as market-makers, or performing financial or advisory services, in relation to any of the Securities referred to in this document. It may also have acted as a manager or co-manager of a public offering of such Securities, and may also have an investment banking relationship with any companies mentioned in this document.

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