PAC ALL CN LND : Result of Tender Offer

15 January 2010

                      Pacific Alliance China Land Limited


                             Result of Tender Offer



Pacific  Alliance China Land  Limited ("PACL" or  the "Company"), the closed-end
investment  company admitted  to trading  on AIM  and focused  on investing in a
portfolio  of investments  in existing  properties, new developments, distressed
projects  and  real  estate  companies  in  Greater China, today announces today
announces the result of its tender offer that was announced on 15 December 2009
("Tender Offer").



The  Tender  Offer  closed  on  Thursday  14 January  2010 and  6,970,762 of the
Company's  ordinary shares, representing 4.6 per cent. of the Company's ordinary
shares  in issue  (and able  to be  tendered under  the Tender Offer), have been
tendered  for repurchase by the  Company's wholly-owned subsidiary, PACL Trading
Limited,  at a price of $1.12 per share. Settlement is expected to take place on
22 January 2010.



Following  the repurchase, the Company will have a total of 189,833,893 ordinary
shares  in  issue,  of  which  44,962,611 are  held  to  effectively replicate a
treasury share facility by PACL Trading Limited.





Background



At  its launch in November 2007, the Company's admission document indicated that
PACL  would provide a regular level of income in the form of a dividend up to an
annual  yield of  6 per cent  of Net  Asset Value.  At an  extraordinary general
meeting  held on 2 March 2009 (the "2009  EGM"), a special resolution was passed
authorising  the Company to  increase this annual  yield to 12 per  cent. of Net
Asset Value.


After consultation with the Company's major shareholders following the 2009 EGM,
the  board of  directors of  the Company  and the  Company's investment manager,
Pacific  Alliance  Real  Estate  Limited,  concluded  that  it would be more tax
efficient,  and  therefore  in  the  best  interests  of  the shareholders, that
distributions be made by way of a tender offer instead of a dividend.



The  shareholdings  of  existing  significant  and  substantial shareholders, as
defined  by the AIM Rules,  may change following the  repurchase of the ordinary
shares.  The Company  will issue  a notification  at a  later date if it becomes
aware  of  any  relevant  change  in  such  shareholdings that is required to be
notified in accordance with Rule 17 of the AIM Rules.


For further information please contact:




                                         LEGAL COUNSEL:
  MANAGER:


                                         Jon Lewis, General Counsel
  Chris Gradel, Managing Partner
                                         Pacific Alliance Group
  Pacific Alliance Group
                                         16/F St. John's Building
  16/F, St. John's Building
                                         33 Garden Road
  33 Garden Road
                                         Central, Hong Kong
  Central, Hong Kong
                                         Tel: [phone]
  Tel: [phone]
                                         Fax: [phone]
  Fax: [phone]
                                         [e-mail]
  [e-mail]




  BROKER:                                NOMINATED ADVISER:



  Hiroshi Funaki                         Philip Secrett

  LCF Edmond de Rothschild Securities    Grant Thornton Corporate Finance

  Tel: [phone]                 Tel: [phone]

  Fax: [phone]                 [e-mail]

  [e-mail]



  MEDIA RELATIONS:



  Sophie Hoggarth

  Pacific Alliance Group

  Tel: [phone]

  [e-mail]



  Financial Dynamics, London

  Andrew Walton

  Tel: [phone]



  Financial Dynamics, Asia

  Alastair Hetherington/Christine Wood

  Tel: [phone]




Notes to Editors:



Pacific  Alliance  China  Land  Limited  (AIM:  PACL) is a closed-end investment
company  with  net  assets  of  USD  207.2 million at 31 December 2009. PACL was
admitted  to trading on the AIM Market  of the London Stock Exchange in November
2007. PACL  is focused on  investing in a  portfolio of existing properties, new
developments, distressed projects and real estate companies in Greater China.

For more information about PACL, please visit:

www.pacl-fund.com

Pacific  Alliance China Land  is a member  of Pacific Alliance  Group, the Asian
alternative investment fund management group.




[HUG#1373878]