Director/PDMR Shareholding

1 May 2012

VinaLand LimitedDirector ShareholdingVinaLand Limited (the "Company") today announces that on 23 April 2012, Michael Arnold, a Director of the Company, acquired an indirect interest in the Company following the acquisition by a family-owned trust of 20,000 ordinary shares of US$1.00 ('Ordinary Shares') at an average price of USD$0.575 per Ordinary Share.As a result of this transaction, Mr. Arnold has an indirect interest of 84,500 Ordinary Shares in the Company, representing a 0.017 percent of the Company's total voting rights.

More information on the Company is available at www.vinacapital.com/vnl.

Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 821 9930

david.dropsey@vinacapital.com

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

Hiroshi Funaki

LCF Edmond de Rothschild Securities, Broker

+44 (0)20 7845 5960

funds@lcfr.co.uk

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

Mark Walters

FTI Consulting, Public Relations (Hong Kong)

+852 3716 9802

mark.walters@fticonsulting.com 

Andrew Walton

FTI Consulting, Public Relations (London)

+44 (0)20 7269 7204

andrew.walton@fticonsulting.com