Net Asset Value(s)

25 January 2019

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

Net Asset Value

The Company announces that, as at the close of business on 31 December 2018, its unaudited net asset value (NAV) was USD325,000 or USD0.0022 per share. Now that all of the Company's property investments have been disposed of and most of the funds received from divestments have been returned to shareholders, the Board is of the view that the Company should prepare its financial statements using the net realisable value approach. The overall reduction from an audited net asset value per share of USD0.2800 from its close of business on 30 September 2018 resulted from the return of capital of USD0.31 per share in December 2018 and the accrual of costs associated with the eventual liquidation of the Company.

 Enquiries:

Michael Truong / 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]