Investment Realisation: Project Speed

10 January 2014

Pacific Alliance China Land Limited

Investment Realisation : Project Speed

Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL), today announced that Project Speed is fully realised. The investment was in the form of a bridge loan to Times Property Holdings Limited, which is a developer focusing on residential developments in southern China. The Company received total consideration of USD 35 million with a profit of USD$13.9 million, representing a gross IRR of 10.2% and a cash multiple of 1.7x, respectively. The proceeds from this realisation will be utilized as per the current distribution policy.

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About Pacific Alliance China Land Limited

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$312.28 million as at 30 September 2013. PACL was 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: http://www.pacl-fund.com

Pacific Alliance China Land Limited is 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 320 staff working in the region.

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