Share buyback

9 May 2016

VinaLand Limited

Share buyback

VinaLand 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 6 May 2016, the Company purchased 750,000 Ordinary Shares of USD0.01 each at an average price of USD0.655 per share.

Following these transactions, VNL has spent USD55.0 million overall repurchasing 97,499,661 shares which have been cancelled. This represents 19.5 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 402,467,961.

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]