Net Asset Value

26 July 2017

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

Net Asset Value

The Company announces that, as at the close of business on 30 June 2017, its unaudited net asset value (NAV) was USD244.06 million or USD0.9460 per share. This represents a 2.67% increase from a net asset value per share of USD0.9214 from its close of business on 31 March 2017. The NAV per share on 30 June 2017 was determined incorporating adjustments for operating costs and fees, gains from disposals and revaluations, as well as distributions to shareholders in the form of both on-market share repurchase (buyback) and the USD40 million share repurchase conducted via the tender offer in June 2017, plus accrual of the disposal and alignments fees.

Enquiries:Jonathan Luu / Joel Weiden VinaCapital Investment Management LimitedInvestor Relations / Communications+84 28 3821 9930jonathan.luu@vinacapital.com / joel.weiden@vinacapital.com

Philip SecrettGrant Thornton UK LLP, Nominated Adviser+44 (0)20 7383 5100philip.j.secrett@uk.gt.com

David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 1000funds@numis.com