Distribution of capital

23 May 2016

VinaLand Limited ("the Company" or "VNL")

Distribution of capital from Share Premium Account of the Company

Ho Chi Minh City - VinaLand Limited, the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that it will make a distribution of approximately USD35 million from the Share Premium Account.

The distribution of approximately USD35 million will be returned equally on a pro-rata basis to all shareholders, representing 8.76 cents per share.

Details of the distribution are as follows:

· Ex-distribution date Thursday 2 June 2016

· Record date Friday 3 June 2016

· Paid date Monday 6 June 2016

The Company announced the recent project disposals of the Century 21 project (announced on 11 May 2016), and the Danang Golf project (announced on 20 May 2016) and is continuing to work towards the closure of further project disposals.

Enquiries:Jeremy Greenberg

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

[email protected]

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

[email protected]

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100

[email protected]

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

[email protected]

Daniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872

[email protected]