Vinaland Limited : VNL net asset value Dec 2013

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

Net Asset Value

The Company announces that, at its close of business on 31 December 2013, its unaudited net asset value (NAV) was USD439.0 million or USD0.92 per share. This represents a decline of USD4.7 million in total NAV; however, there is no change from a net asset value per share of USD0.92 from its close of business on 30 September 2013.

About the Company:

VinaLand Limited ("VNL") is a closed-end fund trading on the AIM Market of the London Stock Exchange. The fund focuses on key growth segments within Vietnam's emerging real estate market, including residential, mixed use including retail, hospitality and township (large-scale) projects. The manager's objective is to provide shareholders with capital growth and distributions derived from project divestments. The fund is managed by VinaCapital Investment Management, with VinaCapital Real Estate acting as development adviser.

More information is available at www.vinacapital.com/vnl

Enquiries:

David Dropsey
VinaCapital Investment Management Limited
Investor Relations/Communications
[phone]
[e-mail]

Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
[phone]
[e-mail]

Hiroshi Funaki
Edmond de Rothschild Securities, Broker
[phone]
[e-mail]

David Benda / Hugh Jonathan
Numis Securities Limited, Broker
[phone]
[e-mail]

Andrew Walton
FTI Consulting, Public Relations (London)
[phone]
[e-mail]