Share buyback

21 December 2017

VinaLand Limited

Share buyback

VinaLand Limited ('the Company' or 'VNL') announces that, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, on 20 December 2017, the Company purchased 2,330,000 Ordinary Shares of USD0.01 each at an average price of USD0.581 per share.

Following these transactions, VNL has spent USD221.1 million overall repurchasing 319,162,734 shares which have been cancelled. This represents 63.8 percent of the Company's 499,967,622 Ordinary Shares in issue prior to the beginning of the share buyback program and as a result, total voting rights in the Company have been reduced to 180,804,888.

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

Enquiries:Jenny Nguyen VinaCapital Investment Management LimitedInvestor Relations+84 28 3821 9930duyen.h.nguyen@vinacapital.com

Joel WeidenVinaCapital Investment Management LimitedCommunications+84 28 3821 9930joel.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