FPT to be edited by an internationally renowned auditing firm - an important step towards the international capital markets

Since its equitization in 2002, the annual financial statements of FPT Corporation and its subsidiaries were audited by local audit firms. The appointment of KPMG, one of the “Big 4” auditing firms as FPT’s auditor is not only a preparatory step towards listing on an overseas stock market, but also meets the needs of strategic investors, and is in the best interest of FPT shareholders.

The relationship with KPMG will not only ensure that FPT is subject to an audit of the highest quality but will also result in improvements to FPT’s financial reporting and control processes. This will assist in ensuring that managements objectives, of building a world class company, are met.

FPT Vice Chairman, Mr. Le Quang Tien, stated that “The high transparency in the financial statements of FPT from 2007 as well as the international prestige of the audit firm will satisfy the investors.. The appointment of an internationally recognized audit firm is also part of the globalization strategy of FPT Corporation, because financial statements audited by a Big 4 firm, are more readily acceptable in overseas capital markets”.

KPMG will, from 2007, audit the financial statements of the whole FPT group including three branches, five subsidiaries, one university, five training and business functional centers, and further subsidiaries and branches which may be established in 2007. FPT Corporation has also appointed KPMG as its auditors for the 2008 and 2009 financial years.

Mr. John Ditty, General Director, KPMG Vietnam stated “All of the members of our team are looking forward to working with the leadership team at FPT and to building a closer and stronger relationship to ensure that the needs of stakeholders are fully met in an efficient and professional manner. We are committed to ensuring we have the right resources with the necessary experience assigned to work on the audit of FPT and we have the commitment from other countries around the ASPAC region that they will support us in servicing FPT. This support not only includes sharing experiences in connection with the audit of Information and Communications companies and support in dealing with emerging industry trends and issues but also more general assistance in relation to working with high growth businesses and businesses that are considering expansion via participation in overseas capital markets such as Singapore, Hong Kong, London and the United States.”

FPT is one of the most important clients of KPMG in Vietnam. FPT is also one of few Vietnamese companies listed on the Ho Chi Minh Stock Trading Center audited by a Big 4 firm.

The cooperation between FPT – KPMG:

The cooperation between FPT - KPMG: The cooperation between FPT and KPMG has been established for years and in many areas. In 2004, KPMG India advised FPT Software Joint Stock Company for CMM4, CMM5 certificate and KPMG is already the auditor of FPT Software Joint Stock Company. KPMG Malaysia also advised FPT Software Joint Stock Company on tax matters in Malaysia in 2006....

About FPT:

FPT is Vietnam’s leading company in information technology and telecommunications, and a leader in sectors such as in system integration; software development; ERF services; IT product distribution; mobile phone distribution; software solutions, telecommunication and internet services; training; computer assembly; warranty and maintenance of telecommunication and IT equipment and communication services. FPT now has the largest technology workforce with more than 7,000 engineers and 2006 revenue is VND11,500 billion. On 24 October 2006, FPT officially received USD36.5 million of investment capital from two of the world’s leading financial investment groups namely TPG (Texas Pacific Group) and Intel Capital. This is one of the largest foreign investments in Vietnam. For more information about FPT, please visit their website at www.fpt.com.vn.

About KPMG:

KPMG is a leading provider of services to the Information, Technology and Communications sector worldwide and is also a leading provider of services to capital markets participants. KPMG provides Audit, Tax or Advisory Services to 95% of the world’s largest communication companies, 75% of the world’s largest software companies and in the Asia Pacific Region they have a 34% audit market share of the Information and Communication companies listed in the Fortune Global 500.

KPMG’s Information, Communication and Technology clients include such companies as China Telecom, Korea Telecom, NTT, Sprint Nextel, Acer, Apple, Fujitsu, Motorola, Nortel, Siemens, Adobe Systems, Infosys and SAP. In addition KPMG provides tax or advisory services to such companies as Deutsche Telecom, Vodafone, Cisco, IBM, Microsoft, Computer Associates, Unisys and Yahoo.

KPMG is, in Vietnam and in all of the markets where they are present, recognized as one of the leading auditing and advisory firms and they are known for the quality of their services, the integrity and knowledge of their people, their independence and strict adherence to the highest standards of professional conduct.

For more information about KPMG, please visit their website at www.kpmg.com

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