Pacific Alliance China Land Limited Share Repurchase Price (8427X)

TIDMPACL

RNS Number : 8427X

Pacific Alliance China Land Limited

24 November 2014

Pacific Alliance China Land Limited

Share Repurchase Price

Pacific Alliance China Land Limited ("PACL" or the "Company") announced on 10 November 2014 that it would distribute up to US$10m through a share repurchase (the "Share Repurchase") on Friday, 28 November 2014. The Repurchase Price for the Share Repurchase has been set at $1.78 per share.

Timetable and Process

Shares will be purchased on Friday, 28 November. Edmond de Rothschild Securities (UK) Limited ("Rothschild") has been appointed by the Company to manage the Share Repurchase. Shareholders wishing to sell at this price should contact Rothschild directly by 4pm UK time on Thursday, 27 November to place an order (contact details below).

Investors will also have the opportunity to buy shares from selling shareholders at the Repurchase Price. Investors wishing to buy shares should also contact Rothschild by 4pm UK time on Thursday, 27 November to place an order.

If Rothschild receives client orders to buy shares at the Repurchase Price, these orders will be filled ahead of the Company's repurchase of shares. Any outstanding sell orders will then be met by the Company's Share Repurchase through its wholly-owned subsidiary, PACL Trading Limited. To the extent that remaining sell orders exceed the Company's Share Repurchase budget, these remaining sell orders will be scaled back pro-rata.

If there is cash remaining from the Share Repurchase budget following the execution of all sell and buy orders, this remaining cash will be distributed through a future Share Repurchase or another method to be determined by the Board.

Notes

The price to be paid per share shall not be more than the higher of (i) 5% above the volume weighted average price of the shares for the 5 business days before the purchase is made, or (ii) the higher of the price of the last independent trade and the highest current independent bid at the time Rothschild acquires the PACL Shares.

Enquiries:

FINANCIAL ADVISER AND BROKER:

Andrew Davies / Hiroshi Funaki

Edmond de Rothschild Securities

T: (44) 20 7845 5960

funds@lcfr.co.uk

MANAGER:

Patrick Boot, Managing Partner

Pacific Alliance Real Estate Limited

T: (852) 2918 0088

pboot@pagasia.com

NOMINATED ADVISER:

Philip Secrett

Grant Thornton UK LLP

T: (44) 20 7383 5100

Philip.J.Secrett@uk.gt.com

LEGAL COUNSEL:

Jon Lewis, General Counsel

PAG

T: (852) 2918 0088

jlewis@pagasia.com

MEDIA RELATIONS:

Stephanie Barry

PAG

T: (852) 3719 3375

sbarry@pagasia.com

About Pacific Alliance China Land:

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China. PACL was admitted to trading on the AIM Market of the London Stock Exchange in November 2007.

For more information about PACL, please visit: www.pacl-fund.com

Pacific Alliance China Land Limited is managed by a member of PAG (formerly known as Pacific Alliance Group), the Asian alternative investment fund management group. Founded in 2002, PAG is now one of the region's largest Asia-focused alternative investment managers, with funds under management across Private Equity, Real Estate and Absolute Return strategies. PAG has a presence across Asia with over 330 staff working in the region.

For more information about PAG, please visit: www.pagasia.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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