Update: Mandatory Share Repurchase

9 February 2018

Pacific Alliance China Land Limited

Update: Mandatory Share Repurchase

Pacific Alliance China Land Limited ("PACL" or the "Company"), (AIM: PACL), the closed-end investment company admitted to trading on AIM, today announces that further to its announcement of 30 January 2018 regarding the distribution of US$19 million to shareholders by way of a mandatory share repurchase, the Company has repurchased and cancelled 6,597,220 (approximately 11.5%) of the Company's ordinary shares leaving a total of 50,759,136 ordinary shares issued and outstanding.

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About Pacific Alliance China Land Limited

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company admitted to trading on the AIM Market of the London Stock Exchange in November 2007. PACL is focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China.

For more information about PACL, please visit: www.pacl-fund.com

Pacific Alliance China Land Limited is managed by a member of PAG (formerly known as Pacific Alliance Group), the Asian alternative investment fund management group. Founded in 2002, PAG is now one of the region's largest Asia-focused alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies. PAG has a presence across Asia with over 350 staff working in the region.

For more information about PAG, please visit: www.pagasia.com