VNL holding in company

25 May 2010

Vinaland Limited

Holdings 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 21 May 2010, through its wholly-owned subsidiary Vietnam Master Holding II Ltd, VOF purchased 3,697,726 ordinary shares of US$0.01 in the Company ("Ordinary Shares").

As a result of this transaction, VOF is interested in 26,939,609 Ordinary Shares which represents 5.39 percent of VNL's total voting rights.

For more information please contact:
Ms Chi Nguyen
VinaCapital Investment Management Limited
Investor Relations
+84 8 821 9930
chi.nguyen@vinacapital.com

Philip Secrett
Grant Thornton Corporate Finance, Nominated Adviser
+44 20 7383 5100
philip.j.secrett@gtuk.com

Hiroshi Funaki +44 20 7845 5960
LCF Edmond de Rothschild Securities, Broker
funds@lcfr.co.uk

Alastair Hetherington
Financial Dynamics, Public Relations (Hong Kong)
+852 3716 9802
alastair.hetherington@fd.com

Andrew Walton
Financial Dynamics, Public Relations (London)
+44 2072697204
andrew.walton@fd.com