Net Asset Value

24 July 2015

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

Net Asset Value

The Company announces that, as its close of business on 30 June 2015, its unaudited net asset value (NAV) was USD386.3 million or USD0.90 per share. This represents a 1.15% increase from a net asset value per share of USD0.89 from its close of business on 31 March 2015.

More information on the Company is available at www.vnl-fund.com

Enquiries:

Jonathon Trewavas

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 3821 9930

Jonathon.Trewavas@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