VNL share buyback

9 July 2012

VinaLand Limited

Share buyback

VinaLand Limited (‘the Company’ or ‘VNL’) announces that on 6 July 2012, pursuant to the share buyback authority added to the Company’s Memorandum and Articles of Association on 10 December 2010, the Company purchased 300,000 Ordinary Shares of US$0.01 each at an average price of US$0.48 per share.

Following this transaction, VNL has spent USD5.5 million overall repurchasing 9,302,760 shares which have been cancelled. This represents 1.9 percent of the Company’s 499,967,622 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to 490,664,862. Since the beginning of the share buyback program, shares repurchased have had an accretive effect; increasing NAV per share by USD0.01, based on 31 March 2012 net asset value. 

More information on the Company is available at www.vinacapital.com/vnl.

Enquiries:

David Dropsey 
VinaCapital Investment Management Limited
Investor Relations/Communications
+84 8 821 9930
david.dropsey@vinacapital.com
 
Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
 
Hiroshi Funaki
LCF Edmond de Rothschild Securities, Broker
+44 (0)20 7845 5960
funds@lcfr.co.uk  
 
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
 
Mark Walters
FTI Consulting, Public Relations (Hong Kong)
+852 3716 9802
mark.walters@fticonsulting.com
 
Andrew Walton
FTI Consulting, Public Relations (London)
+44 (0)20 7269 7204
andrew.walton@fticonsulting.com