Holding in Company

8 June 2010

Vinaland Limited

Holdings in Company

Vinaland Limited ("VNL" or "the Company"), an AIM-traded investment company with a primary focus on real estate investment within Vietnam's emerging market, announces that VinaCapital Vietnam Opportunity Fund Limited ("VOF") , an AIM-traded closed-end fund also managed by VinaCapital Investment Management Limited, has today notified the Company that on 7 and 8 June 2010, through its wholly-owned subsidiary Vietnam Master Holding II Ltd, VOF purchased in a total of 2,165,087 ordinary shares of US$0.01 in the Company ("Ordinary Shares").

As a result of this transaction, VOF is interested in 29,998,057 Ordinary Shares which represents 6.0 percent of VNL's total voting rights.

For more information please contact:

Michael L. Gray VinaCapital Investment Management Limited Communications/Investor Relations

+84 8 821 9930[email protected]

Philip Secrett Grant Thornton Corporate Finance, Nominated Adviser +44 20 7383 5100[email protected]

Hiroshi Funaki +44 20 7845 5960 LCF Edmond de Rothschild Securities, Broker[email protected]

Alastair Hetherington Financial Dynamics, Public Relations (Hong Kong) +852 3716 9802[email protected]

Andrew Walton Financial Dynamics, Public Relations (London) +44 2072697204[email protected]