Quarterly Report

Pacific Alliance China Land Limited(the "Company")

Quarterly Report

A quarterly report detailing the activities of the Company for the quarter ended 31 December 2014 has been issued by Pacific Alliance Real Estate Ltd, the investment manager of the Company.

Electronic copies of the report have been emailed to shareholders. Copies of the report will be available, free of charge, from the offices of Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU or the offices of Pacific Alliance Investment Management, 15th Floor, AIA Central, 1 Connaught Road Central, Hong Kong, for a period of 30 days from the date of this announcement and available from the Company's website, www.pacl-fund.com.