Divestment of stake in HBT Court Project

25 May 2016

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

Divestment of stake in HBT Court Project

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 has divested its stake in the HBT Court project. This project is an existing operating serviced apartment building located in Ho Chi Minh City and was acquired by VNL in 2007.

VNL's disposal of its entire stake in the HBT Court project will result in net proceeds of USD0.534 million to VNL at a total valuation 11.0% below the 31 March 2016 unaudited net asset value and 52.1% below the net asset value at the time of VNL's previous extraordinary meeting (EGM) in November 2012, including adjustments for additional investments and dividends from the project over this period. At the time of this announcement all proceeds have been received.

This transaction is consistent with the Company's strategy agreed at the EGM in November 2015, where shareholders supported an extension of up to 12 months to continue with the realisation of assets as agreed at the November 2012 EGM. The proceeds of this transaction will be used to cover VNL's capital commitments and operating costs.

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]