VNL.L Regulatory News (VNL)

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

VINALAND LIMITED

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

An acquisition or disposal of voting rights

X

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):

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

MIO Partners, Inc., on behalf of the entities listed in item 4

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

Barfield Nominees Limited A/C SLI01

Barfield Nominees Limited A/C CSJ01 FBO Compass Special Situations Fund LLC

Barfield Nominees Limited A/C CSC01

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

February 27, 2018

6. Date on which issuer notified:

March 6, 2018

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

13.77% (see schedule A)

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

KYG936361016

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

*PLEASE SEE SCHEDULE A ATTACHED HERETO*

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

*PLEASE SEE SCHEDULE A ATTACHED HERETO*

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

MIO Partners, Inc. ("MIO") is:

the managing member of Compass Special Situation Fund LLC, the beneficial owner of Barfield Nominees Limited A/C CSJ01 FBO Compass Special Situations Fund LLC, which is a custody account held with Northern Trust Guernsey Limited ("NTGL");

the manager of Compass COSS Master Limited, the beneficial owner of Barfield Nominees Limited A/C CSC01, which is a custody account held with NTGL;

the manager of SSALT Fund Limited, the beneficial owner of Barfield Nominees Limited A/C SLI01, which is a custody account held with NTGL.

The general partner of Special Situations Investment Fund LP, the beneficial owner of Barfield Nominees Limited A/C GWW01

NTGL is authorized to act on behalf of the accounts when instructed to do so by MIO.

Proxy Voting:

10. Name of the proxy holder:

MIO Partners, Inc., on behalf of the entities first listed in item 4

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

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

13. Additional information:

14. Contact name:

Allisande' Turton

15. Contact telephone number:

1-212-461-4031

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

MIO Partners, Inc., a Delaware corporation

Contact address

(registered office for legal entities)

Mailing address:

245 Park Avenue

13th Floor

New York, NY 10167 USA

Registered office:

c/o Corporation Service Company

251 Little Falls Drive

Wilmington, DE 19808 USA

Phone number & email

1-212-203-4082

Casey_Lipscomb@miopartners.com

Other useful information

(at least legal representative for legal persons)

Mr. Lipscomb is General Counsel and Secretary of MIO Partners, Inc.

B: Identity of the notifier, if applicable

Full name

Contact address

Phone number & email

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information

Shareholder Managed

Situation Previous to the Triggering Transaction

Resulting Situation After the Triggering Transaction

No. of Shares

No. of Voting Rights

No. of Shares

No. of Voting Rights

% of Voting Rights

Direct

Direct

Indirect

Direct

Indirect

Barfield Nominees Limited A/C CSC01

7,549,251

7,549,251

7,549,251

7,549,251

4.39%

Barfield Nominees Limited A/C CSJ01 FBO Compass Special Situations Fund LLC

4,925,149

4,925,149

 3,925,149

 3,925,149

2.28%

Barfield Nominees Limited A/C GWW01

1,067,582

1,067,582

 1,067,582

1,067,582

.62%

Barfield Nominees Limited A/C SLI01

12,139,553

12,139,553

11,139,553

11,139,553

6.48%

TOTALS

25,681,535

25,681,535

23,681,535

23,681,535

13.77%