Net Asset Value

19 January 2017

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

Net Asset Value

The Company announces that, as its close of business on 31 December 2016, its unaudited net asset value (NAV) was USD314.8 million or USD0.879 per share. This represents a 2.46% increase from an unaudited net asset value per share of USD0.858 from its close of business on 30 September 2016.

More information on the Company is available at www.vnl-fund.com

Enquiries:

Jonathan Viet Luu VinaCapital Investment Management LimitedInvestor Relations+84 8 3821 9930[email protected] 

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

[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]