VNL holding in company

30 September 2010

VinaLand Limited

Holding in Company

Vinaland Limited ("VNL" or "the Company"), an AIM-traded investment company with a primary focus on real estate investment within Vietnam's emerging market, announces that VinaCapital Vietnam Opportunity Fund Limited (“VOF”) , an AIM-traded closed-end fund also managed by VinaCapital Investment Management Limited, has today notified the Company that on 29 September 2010, through its wholly-owned subsidiary Vietnam Master Holding II Ltd, VOF purchased 5,484,330 ordinary shares of US$0.01 in the Company ("Ordinary Shares").

As a result of this transaction, VOF is interested in 36,216,326 Ordinary Shares which represents 7.24 percent of VNL's total voting rights.

For more information please contact:
Michael L. Gray
VinaCapital Investment Management Limited
Investor Relations
+84 8 821 9930
Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 20 7383 5100
Hiroshi Funaki +44 20 7845 5960
LCF Edmond de Rothschild Securities, Broker
Alastair Hetherington
Financial Dynamics, Public Relations (Hong Kong)
+852 3716 9802
Andrew Walton
Financial Dynamics, Public Relations (London)
+44 2072697204