Share buyback

21 January 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 20 January 2016, the Company purchased 725,000 Ordinary Shares of USD0.01 each at an average price of USD0.600 per share.

Following these transactions, VNL has spent USD49.1 million overall repurchasing 88,164,513 shares which have been cancelled. This represents 17.6 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 411,803,109.

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 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.com

 Hiroshi Funaki/ William MarleEdmond de Rothschild Securities, Broker+44 (0)20 7845 5960funds@lcfr.co.uk Andrew WaltonFTI Consulting, Public Relations (London)+44 (0)20 7269 7204andrew.walton@fticonsulting.com