Share buyback

28 October 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 26 October 2016, the Company purchased 1,000,000 Ordinary Shares of USD0.01 each at an average price of USD0.683 per share.

Following these transactions, VNL has spent USD70.6 million overall repurchasing 122,794,161 shares which have been cancelled. This represents 24.6 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 377,173,461.

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

Enquiries:Jenny Nguyen VinaCapital Investment Management LimitedInvestor Relations+84 8 3821 9930duyen.h.nguyen@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