PACL.L Regulatory News (PACL)

22 September 2015

Pacific Alliance China Land Limited

Net Asset Value

Pacific Alliance China Land Limited (AIM: PACL) (the "Company") announces that as at the close of business on 31 August 2015, its unaudited net asset value ("NAV") per share was US$2.4060.

The 6.11% decrease in the NAV per share, compared to the NAV per share as at 31 July 2015 was mainly the result of:

- the full write-down of Project Beijing Olympic after the third party valuer's determination that any recovery from a title transfer of apartment units was highly unlikely due to the lack of cooperation from the counterparty. The book value of Project Beijing Olympic as at 30 June 2015 was US$6,059,507 and the amount attributable to PACL II was US$3,050,029. As such, the effect on the Company's NAV from the write-down of Project Beijing Olympic was US$3,009,478 (1.11% of NAV);

- the 15% monthly drop in the mark-to-market share price of Dalian Wanda Commercial Real Estate Co. Ltd (in which the Company holds a 0.4 % interest), driven by the recent turmoil in the Hong Kong and Mainland stock markets; and

- the decision of The People's Bank of China to allow the Renminbi to depreciate by 3% against the US Dollar over 11-12 August .

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