3 January 2013

Pacific Alliance China Land Limited Share Dealings Pacific Alliance China Land Limited ("PACL" or the "Company") (AIM: PACL) the closed- end investment company admitted to trading on AIM, today announces that on 31 December

2012, pursuant to the Company's Share Purchase Policy, PACL Trading Limited, a wholly- owned subsidiary of the Company, purchased a total of 140,741 Ordinary Shares of US$0.01 each at an average price of US$1.5601 per share.
Following this transaction, PACL Trading Limited holds a total of 57,753,320 held to replicate treasury shares, which represents 30.42 percent of the Company's 189,833,893 Ordinary Shares in issue and as a result, total voting rights in the Company have been reduced to
132,080,573.
For further information, please contact:

MANAGER:

Patrick Boot, Managing Partner

Pacific Alliance Real Estate Limited

15/F, AIA Central

1 Connaught Road Central, Hong Kong T: (852) 2918 0088

F: (852) 2918 0881 pboot@pagasia.com

LEGAL COUNSEL:

Jon Lewis, General Counsel

PAG

15/F, AIA Central

1 Connaught Road Central, Hong Kong T: (852) 2918 0088

F: (852) 2918 0881 jlewis@pagasia.com

BROKER:

Hiroshi Funaki

Edmond de Rothschild Securities

T: (44) 20 7845 5960

F: (44) 20 7845 5961 funds@lcfr.co.uk

NOMINATED ADVISER:

Philip Secrett

Grant Thornton Corporate Finance

T: (44) 20 7383 5100

Philip.J.Secrett@uk.gt.com

MEDIA RELATIONS:

Stephanie Barry

PAG

T: (852) 3719 3375 sbarry@pagasia.com

About Pacific Alliance China Land Limited

Pacific Alliance China Land Limited ("PACL") (AIM: PACL) is a closed-end investment company with net assets of US$289.08 million as at 30 November 2012. PACL was admitted to trading on the AIM Market of the London Stock Exchange in November 2007. PACL is focused on investing in a portfolio of existing properties, new developments, distressed projects and real estate companies in Greater China.

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

Pacific Alliance China Land Limited is 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 320 staff working in the region.

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