Net Asset Value

23 October 2017

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

Net Asset Value

The Company announces that, as at the close of business on 30 September 2017, its unaudited net asset value (NAV) was USD227.4 million or USD0.9465 per share. This represents a 0.05% increase from a net asset value per share of USD0.9460 from its close of business on 30 June 2017.

The Company also announces that it estimates the pro forma NAV per share as at 30 September 2017 would have been USD0.9784 per share if adjusting for the accretive effect of the recent distribution of USD43 million via the tender offer which was settled on 13 October 2017.

 Enquiries:Jonathan Luu / Joel Weiden VinaCapital Investment Management LimitedInvestor Relations / Communications+84 28 3821 9930[email protected] / [email protected]

Philip SecrettGrant Thornton UK LLP, Nominated Adviser+44 (0)20 7383 5100[email protected]

David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 1000[email protected]