PACL.L Regulatory News (PACL)

30 December 2011

Pacific Alliance China Land Limited

Board Changes

Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL), the AIM-quoted closed-end investment company focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China, announces today the appointment of Mr. Jon-Paul Toppino as a director of the board of directors of the Company (the "Board"). Mr. Christopher Gradel will step down as a director of the Board. These Board changes are effective from 31 December 2011.

Mr. Toppino is the President and Chief Investment Officer of Secured Capital Investment Management ("SCIM"), one of the leading real estate investment management and asset management companies in Japan. Mr Toppino is also Head of its Property Acquisition and Asset Management Division. Since relocating to Japan in 1998, he has been responsible for overseeing acquisitions and the asset management of properties in Japan, China and Vietnam and has played an instrumental role in the acquisition by SCIM of over 1.3 trillion yen (approximately US$16 billion) of properties and loans. He holds a BS in Economics from Florida International University and is a Member of the Urban Land Institute (ULI).

SCIM was founded in 1997 and currently has over US$9mm in assets under management. Since 1997, SCIM has been instrumental in bringing innovative skills and methodologies in the underwriting and investment in real estate or real estate backed securities and loans to the Japanese market. In 2010, SCIM merged with the PAG Group.

Margaret Brooke, Chairperson of the Board commented: "We are delighted to welcome Jon-Paul Toppino as a member of the Board. He has very specific and relevant experience and we look forward to working together and to continue delivering attractive returns for our investors. We would like to thank Chris Gradel for his long service and past contributions to the Company."

For further information, please contact:

Notes to Editors:

About Pacific Alliance China Land Limited

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company that was admitted to trading on the AIM Market of the London Stock Exchange in November 2007. PACL is focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China.

For more information about PACL, please visit: www.pacl-fund.com

Pacific Alliance China Land Limited is a member of PAG (formerly known as Pacific Alliance Group), which is one of the region's largest Asia-focussed alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Returns strategies. Founded in 2002, PAG now has a presence across Asia with over 270 staff working in the region.

For more information about PAG, please visit: www.pagasia.com

Further information about Mr. Jon-Paul Toppino (aged 41):

The Company confirms there is no other information required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.