Net Asset Value(s)

25 July 2016

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

Net Asset Value

The Company announces that, as its close of business on 30 June 2016, its unaudited net asset value (NAV) was USD342.2 million or USD0.869 per share. This represents a 7.96% decrease from a net asset value per share of USD0.944 from its close of business on 31 March 2016. The decrease in NAV per share was due to distribution of capital from Share Premium Account of the Company of USD35.06 million or USD8.76 cent per share correspondingly in June 2016.

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

Enquiries:

Jeremy Greenberg 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]Daniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872

[email protected]