Holding(s) in Company

25 May 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 21 May 2010, through its wholly-owned subsidiary Vietnam Master Holding II Ltd, VOF purchased 3,697,726 ordinary shares of US$0.01 in the Company ("Ordinary Shares").

As a result of this transaction, VOF is interested in 26,939,609Ordinary Shares which represents 5.39 percent of VNL's total voting rights.

For more information please contact:

Ms Chi NguyenVinaCapital Investment Management LimitedInvestor Relations+84 8 821 9930[email protected]

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

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

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

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