Pacific Alliance China Land Limited

Pacific  Alliance China Land Limited  (AIM: PACL) announces that  as at close of
business on 31(st December 2009, its unaudited net asset value ("NAV") per share
was  US$1.3646. The  NAV increase  is predominantly  due to  the revaluation, by
independent valuers, of its investments in Project Malls and Project Diplomat.)


The  valuation of  the investments  are reviewed  and approved  by the valuation
committee by making reference to the most recent quarterly independent valuation
reports.


15th January 2010



[HUG#1373857]