Net Asset Value

22 January 2018

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

Net Asset Value

The Company announces that, as at the close of business on 31 December 2017, its unaudited net asset value (NAV) was USD116,405,679 or USD0.6438 per share. This represents a 31.98% decline from a net asset value per share of USD0.9465 from its close of business on 30 September 2017. This decline in NAV was predominantly due to a USD0.33 per share distribution of capital to all shareholders during December 2017.

 Enquiries:

Jonathan Luu / Joel Weiden

VinaCapital Investment Management Limited

Investor Relations / Communications

+84 28 3821 9930

[email protected] / [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]