Share buyback

31 May 2016

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 27 May 2016, the Company purchased 737,000 Ordinary Shares of USD0.01 each at an average price of USD0.678 per share.

Following these transactions, VNL has spent USD56.5 million overall repurchasing 99,736,661 shares which have been cancelled. This represents 20.0 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 400,230,961.

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

Enquiries:Jeremy Greenberg VinaCapital Investment Management LimitedInvestor Relations+84 8 3821 9930Jeremy.greenberg@vinacapital.com

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

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.comDaniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872

daniel.jason@peregrinecommunications.com