COMPANY NAME ALTERATION

The 'Share Buy Back and Cancellation' announcement released on 23 March 2018 at 17:03 under RNS No 8281I, should have been issued under the Company name of VietNam Holding Limited and not under the Company name of Telit Communications PLC.

The announcement text is unchanged and is reproduced in full below.

For immediate release

VietNam Holding Limited

('VNH' or the 'Company')

Share Buy Back and Cancellation

VietNam Holding Limited announces that on 23 March 2018, it purchased 212,359 ordinary shares of par value $1 each ("Ordinary Shares") in the Company at an average price of US$2.9963 per Ordinary Share.

All Ordinary Shares repurchased by the Company under VNH's share repurchase programme are to be cancelled upon repurchase. 

Following the above purchase and cancellation, VNH has 67,986,609 Ordinary Shares with voting rights in issue and no shares held as Treasury Shares.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

VietNam Holding Limited

For more information please contact:

VietNam Holding Asset Management Limited                                                   Tel: +44 781 078  5933

investorrelations@vnham.com

www.vietnamholding.com

finnCap Limited

Broker and Nominated Advisor

Trading:                               Johnny Hewitson                                                             Tel: +44 20 7220 0558

Sales:                                    Mark Whitfeld                                                                  Tel: +44 20 3772 4697

Corporate Finance:         William Marle / Giles Rolls / Matthew Radley    Tel: +44 20 7220 0500