Dealing Disclosure (9080A)

TIDMVOC

RNS Number : 9080A

Vision Opportunity China Fund Ltd

09 February 2011

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN

9 February 2011

Vision Opportunity China Fund Limited

(the "Company" or "VOC")

Dealing Disclosure

Vision Opportunity China Fund Limited (AIM: VOC.L) today announces that it received notification on 8 February 2011 from Vision Capital Advisors LLC ("VCA"), the Company's investment manager, that on 8 February 2011 Adam Benowitz, Senior Managing Director and Chief Investment Officer of VCA, and Randolph Cohen, Senior Managing Director and President of VCA, committed to increase their beneficial ownership of VOC by each purchasing one half of another VCA member's 1,395,949 Ordinary Shares in the Company at a price of $1.40 per Ordinary Share. Following this transaction, Mr Benowitz and Dr Cohen will together beneficially hold 7 187,845 Ordinary Shares in the Company, representing 11.01 per cent. of the Company's issued share capital. The new shareholder of record of the aforementioned Ordinary Shares is Tiberius Investments & Capital (Jersey) Limited, an investment vehicle wholly owned by Mr Benowitz and Dr Cohen which has pledged these shares to secure a bank loan.

In addition, VCA continues to hold 350,000 Ordinary Shares in the Company representing 0.50 per cent. of the Company's issued share capital. Mr Benowitz and Dr Cohen are interested in such Ordinary Shares in the Company due to their ownership in a proportion of the economic rights in VCA.

For further information, please contact:

Vision Opportunity China Fund Limited Tel: +1 (212) 849 8225

David Benway / Adam Benowitz

Canaccord Genuity Limited Tel: +44 (0)20 7050 6500

Guy Blakeney / Sue Inglis

Financial Dynamics Tel: +44 (0)20 7269 7132

Ed Gascoigne-Pees / Ed Berry

NOTE TO EDITORS

Vision Opportunity China Fund Limited is a closed-ended fund traded on AIM. VOC primarily invests directly in listed companies with operations principally within Greater China.

Greater China is a collective term for the territories administered by the People's Republic of China, those administered by the Republic of China and Singapore.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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