Share Buyback Programme

27 January 2012

VinaLand Limited

Share buyback Programme

VinaLand Limited ('the Company' or 'VNL') announces that the Company is about to enter a two month close period ahead of the notification of its interim results for the half year ended 31 December 2011.

Pursuant to the share buyback authority announced on 14 October 2011, the Company has appointed Numis Securities Limited to manage an irrevocable, non-discretionary share buy-back programme until the date on which the Company's half yearly results are notified, which is expected to be by the end of March 2012. During this period the Company and its directors have no power to invoke any changes to the programme and it is being done at the sole discretion of Numis Securities Limited.

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

Enquiries:

David Dropsey

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 821 9930

david.dropsey@vinacapital.com

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

Hiroshi Funaki

LCF Edmond de Rothschild Securities, Broker

+44 (0)20 7845 5960

funds@lcfr.co.uk

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

Mark Walters

FTI Consulting, Public Relations (Hong Kong)

+852 3716 9802

mark.walters@fticonsulting.com 

Andrew Walton

FTI Consulting, Public Relations (London)

+44 (0)20 7269 7204

andrew.walton@fticonsulting.com