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ERNST & YOUNG Auditors’ review report on consolidated financial statements of ITA GROUP

Mr Thai Van Men - President of ITA GROUP at "Sourthern Gold Start Award Ceremony 2008"

ERNST & YOUNG has reviewed the consolidated financial statements of Tan Tao Investment and Industry Corporation (formerly Tan Tao Industrial Park Corporation) and its subsidiaries (the “Group”) which comprise the consolidated balance sheet as at 30 June 2008, and the related consolidated statements of income and cash flows for the period from 1 January 2008 to 30 June 2008.

Auditors’ review report on consolidated financial statements of Tan Tao Investment and Industry Corporation (formerly Tan Tao Industrial Park Corporation) and its subsidiaries as at and for the six-month period ended 30 June 2008.

To: The Board of Management

We have reviewed the consolidated financial statements of Tan Tao Investment and Industry Corporation

(formerly Tan Tao Industrial Park Corporation) and its subsidiaries (the “Group”) which comprise the consolidated balance sheet as at 30 June 2008, and the related consolidated statements of income and cash flows for the period from 1 January 2008 to 30 June 2008 and the notes thereto (“the consolidated financial statements”) as set out on pages 2 to 29. These consolidated financial statements are the responsibility of the Group’s management. Our responsibility is to issue a report on these consolidated financial statements based on our review. The consolidated financial statements of the Group as at 30 June 2007 were audited by other auditors whose report dated 24 December 2007 expressed an unqualified opinion on those statements.

We conducted our review in accordance with Vietnamese and International Standards on Auditing applicable to review engagements. These standards require that we plan and perform the review to obtain moderate assurance about whether the consolidated financial statements are free of material misstatement. A review is limited primarily to inquiries of the Group’s personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not give a true and fair view of the financial position of the Group as at 30 June 2008 and of the results of its operations and its cash flows for the period from 1 January 2008 to 30 June 2008 in accordance with the Vietnamese Accounting Standards and System and comply with relevant statutory requirements.

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