Share buyback

15 October 2012

VinaLand Limited

Share buyback

VinaLand Limited ('the Company' or 'VNL') announces that on 12 October 2012, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, and in accordance with the terms referenced in the share buyback programme update announcement on 9 August 2012, the Company purchased 80,000 Ordinary Shares of US$0.01 each at an average price of US$0.43 per share. 

Following this transaction, VNL has spent USD8.0 million overall repurchasing 14,809,395 shares which have been cancelled. This represents 2.96 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 485,158,227.  

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