Share buyback programme

RNS

14 October 2011

VinaLand Limited

Announcement of share buyback programme

The Board of Directors ("the Board") of VinaLand Limited ("the Company"), an investment company established to target Vietnam's emerging real estate market, is pleased to announce that further to the Update on Capital Distribution announced on 16 September 2011, the Board has resolved to initiate a share buyback programme.

The Company will initiate the share buyback programme following the end of the close period, which is anticipated to be no later than 31 October 2011, using cash received net of tax and other expenses from recent and future divestments. The buyback programme will operate within certain pre-set parameters.

Enquiries:

Michael L. Gray

VinaCapital Investment Management Limited

Investor Relations/Communications

+84 8 821 9930

michael.gray@vinacapital.com

Philip Secrett

Grant Thornton Corporate Finance, Nominated Adviser

+44 20 7383 5100

philip.j.secrett@uk.gt.com

Hiroshi Funaki

LCF Edmond de Rothschild Securities, Broker

+44 20 7845 5960

funds@lcfr.co.uk

David Benda / Hugh Jonathan

Numis Securities Limited

+44 (0)20 7260 1000

Mark Walters

Financial Dynamics, Public Relations (Hong Kong)

+852 3716 9802

mark.walters@fd.com

Andrew Walton

Financial Dynamics, Public Relations (London)

+44 20 7269 7204

andrew.walton@fd.com