Share buyback

21 December 2015VinaLand LimitedShare buybackVinaLand Limited ('the Company' or 'VNL') announces that, pursuant to the share buyback authority added to the Company's Memorandum and Articles of Association on 10 December 2010, on 18 December 2015, the Company purchased 2,100,000 Ordinary Shares of USD0.01 each at an average price of USD0.616 per share.Following these transactions, VNL has spent USD45.4 million overall repurchasing 82,180,356 shares which have been cancelled. This represents 16.44 percent of the Company's 499,967,622 Ordinary Shares in issue prior to the beginning of the share buyback program and as a result, total voting rights in the Company have been reduced to 417,787,266.More information on the Company is available at www.vnl-fund.com/ Enquiries:Jonathon Trewavas VinaCapital Investment Management LimitedInvestor Relations+84 8 3821 9930Jonathon.Trewavas@vinacapital.com Philip SecrettGrant Thornton UK LLP, Nominated Adviser+44 (0)20 7383 5100philip.j.secrett@uk.gt.com

David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 1000funds@numis.com

 Hiroshi Funaki/ William MarleEdmond de Rothschild Securities, Broker+44 (0)20 7845 5960funds@lcfr.co.uk Andrew WaltonFTI Consulting, Public Relations (London)+44 (0)20 7269 7204andrew.walton@fticonsulting.com