Lee changes tack with Vietnam assets sell-off.

Australasian Business Intelligence, March, 2007

Byline: Peter Klinger

Mar 11, 2007 (The West Australian - ABIX via COMTEX) -- Indian conglomerate Tata is about to acquire steel-making assets in Vietnam from Australian group Vietnam Industrial Investments (VII). The latter is selling the SSESTEEL and Vinausteel businesses at around $US10.8m ($A13.8m) as part of a strategic repositioning. It will however retain its three smaller steel operations in Vietnam, Total Building Systems, Austnam and VRC Weldmesh. The country's economy is exhibiting growth rates comparable to those seen in China. On 9 March 2007, VII stock closed level at $A0.14.

Publication Date: 10 March 2007

VIETNAM INDUSTRIAL INVESTMENTS LIMITED - ASX VII

TATA SONS LIMITED

TATA STEEL

CORUS GROUP PLC

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