VNL director/PDMR shareholding

25 January 2010

VinaLand Limited

Director Shareholding

VinaLand Limited (the "Company") announces that Don Lam, Director of the Company, purchased 50,000 ordinary shares of US$1.00 each ("Ordinary Shares") at an average price of US$0.885 per ordinary share. The purchase was made on Wednesday, 20 January 2010.

As a result of this transaction, Mr Lam is directly interested in 2,407,250 Ordinary Shares and indirectly interested in 412,583 Ordinary Shares (his direct and indirect interests together representing 0.564 percent of the Company's total voting rights).

For more information please contact:

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

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

David Cranmer
Financial Dynamics, Public Relations (London)
+44 207 269 7100
david.cranmer@fd.com