Net Asset Value

10 April 2017VinaLand Limited (the "Company" or "VNL")

Net Asset Value

The Company announces that, as its close of business on 31 March 2017, its unaudited net asset value (NAV) was USD298.8 million or USD0.921 per share. This represents a 3.63% increase from a reviewed net asset value per share of USD0.889 from its close of business on 31 December 2016.

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

Enquiries:

Jonathan Viet Luu

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

[email protected]

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

[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]