Press Release: FPT to pay 2011 dividend at 45%

The payment of cash and stock dividends and raising of charter capital are executed in the second quarter of 2012. Additional shares under stock dividend policy will be listed immediately upon issuance. The rest profit will be retained to ensure financial availability for business continuity and future development.

One of the important issues approved by the 2012 GSM was the selection of new Board of Directors and Supervisory Board for the 2012-2017 period. The new FPT Board of Directors includes seven members, four of whom are currently working in FPT namely Mr. Truong Gia Binh, Mr. Bui Quang Ngoc, Mr. Do Cao Bao and Mr. Truong Dinh Anh. Three other members were nominated by major shareholders. They are Mr. Le Song Lai, Ms. Le Nu Thuy Duong and Mr. Jean-Charles Belliol representing the State Capital and Investment Corporation (SCIC), Orchird Fund and Red River Holding, respectively. Mr. Truong Gia Binh continues to be the Chairman of the Board.

The involvement of major shareholders to the corporate governance reflects their long term commitment to accompany with and contribute to the sustainable development of FPT Corporation. Furthermore, they will help FPT to strengthen management capability according to international standards, transparency and independence.

This restructure further separates the functionality between the Board of Directors and the Management Board. Those former members of the Board of Directors, who were unnamed in the 2012-2017 list, continue their full- time employment and contribute to the sustainable development of the Corporation.

The GSM also approved reports of the Board of Directors, Supervisory Board, the Audited Financal Statement 2011, Charter Amendment, the Compensation Policy for the Board of Directors and Supervisory Board and issuance of bonus shares for key employees in 2011 ./.

FPT Corporation has well maintained growth rate despite economic challenges in 2011. The company earned VN 25,978 billion in revenue, completing 105.87% of initial plan and 97% of adjusted plan, representing an increase of more than 27% compared with 2010. Profit-before-tax reached VND 2,502 billion, growing 23.6% when compared with the prior year and completed 103.3% and 95% of the initial plan and adjusted plan, respectively. Profit-after-tax was more than VND 2,079 billion, an increase of 22.9% compared with a year ago. Profit-after-tax of parent company reached more than VND 1,681 billion, increasing by 33% in comparison with the prior year and completing 96.1% of the adjusted plan. Earnings per share was VND 7,861 dongs, which represented an increase of 19% compared with a year ago, reflecting great efforts made by FPT’s leaders and employees to bring highest benefit for shareholders.

In spite of foreseen difficulties in the domestic economy, FPT’s Board of Directors and Management Board are determined to confront with all the challenges and opportunties to gain high growth rate in 2012. The company targets to increase 21% and 22% in revenue and profit, respectively and expects to pay cash dividend of between 1,500 dongs per share (15% of par value) and 3,000 dongs per share (30% of par value). The cash dividend allocation policy will be approved by the GSM 2013. Dilluted earnings per share is planned to reach 7,466 dongs.

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