PACL.L Regulatory News (PACL)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

PACIFIC ALLIANCE CHINA LAND

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify): Position reclassified as a client position

X

3. Full name of person(s) subject to thenotification obligation: iii

Lehman Brothers International (Europe) (in administration)

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

Not Available i

6. Date on which issuer notified:

06/08/13

7. Threshold(s) that is/are crossed orreached: vi, vii

Below 3% ii

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

KYG6846Y1035

11,957,770

11,957,770

Below 3%

Below 3%

n/a

Below 3%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

n/a

ii As you may be aware, AV Lomas, SA Pearson, PD Copley, R Downs and JG Parr each a partner of PricewaterhouseCoopers LLP were appointed as Joint Administrators of Lehman Brothers International (Europe) (in administration) ("LBIE") to manage its affairs, business and property as agents without personal liability. As a result of the circumstances of LBIE's administration, LBIE's records may not reflect an accurate statement of its holding in shares of the company. Discrepancies may arise, for example, as a result of trades which were executed prior to the administration of LBIE not being settled as between the parties post-administration, and as a result of the termination of contracts between LBIE and its counterparties (e.g. derivatives transactions under master agreements, and the liquidation of positions by third parties). In addition, Lehman Brothers In Administration ("LBIA") employees with knowledge relevant to the holdings may no longer work with LBIE's business. In preparing this form, LBIE has reviewed such information as is readily available to it from a range of LBIE records and the information provided herein is provided on the basis of the information in those records.

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

n/a

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

Below 3%

Below 3%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

n/a

Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will ceaseto hold:

n/a

12. Date on which proxy holder will cease to holdvoting rights:

n/a

13. Additional information:

n/a

14. Contact name:

Latifa Debbarh/Amanda Ferriggi

15. Contact telephone number:

0203 036 2516 / 0203 036 2075