VinaLand Limited Future Strategy and Share Buyback

23 June 2016

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

VinaLand Limited Future Strategy and Share Buyback

Following recent shareholder meetings in Europe where VinaLand's performance and possible future strategic options for the Company were discussed, the Board of Directors would like to report that the feedback received from shareholders will be utilised to further develop the future strategy which will be circulated to shareholders in due course, with a final proposal and Board recommendation put to shareholders ahead of an EGM to be held no later than 21 November 2016.

The Company also advises it will continue with an ongoing share buyback program in conjunction with the Investment Manager who will begin buying shares in the market from proceeds received from the part payment of the accrued performance fee, as agreed at the continuation vote in 2012. Numis Securities will be engaged by the Company to manage the share purchases on behalf of both the Company and the Investment Manager and the shares purchased will be split 50:50 and the share price paid will be the same for both the Company and the Investment Manager.

More information on the Company is available at www.vnl-fund.com/ Enquiries:Jeremy Greenberg

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

jeremy.greenberg@vinacapital.com

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

joel.weiden@vinacapital.com

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

funds@numis.com

Daniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872

daniel.jason@peregrinecommunications.com