Net Asset Value

15 October 2014

VinaLand Limited (the "Company" or "VNL")

Net Asset Value

The Company announces that, at its close of business on 30 September 2014, its unaudited net asset value (NAV) was USD410.0 million or USD0.92 per share. This represents no change from a net asset value per share of USD0.92 from its close of business on 30 June 2014.

About the Company:

VinaLand Limited ("VNL") is a closed-end fund trading on the AIM Market of the London Stock Exchange. The fund focuses on key growth segments within Vietnam's emerging real estate market, including residential, mixed use including retail, hospitality and township (large-scale) projects. The manager's objective is to provide shareholders with capital growth and distributions derived from project divestments. The fund is managed by VinaCapital Investment Management, with VinaCapital Real Estate acting as development adviser.

More information is available at www.vinacapital.com/vnl 

Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 3821 9930

david.dropsey@vinacapital.com

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

Hiroshi Funaki / Andrew Davies

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

funds@numis.com

Andrew Walton

FTI Consulting, Public Relations (London)

+44 (0)20 7269 7204

andrew.walton@fticonsulting.com