Holding(s) in Company

Pacific Alliance China Land Limited ("PACL" or the "Company") Holding in Company Pacific Alliance China Land Limited (AIM:PACL) was informed on 18 January 2008 that as of that date, QVT Financial LP, as investment manager for QVT Fund L.P. and Quintessence Fund L.P, was interested in 30,450,000 ordinary shares of the Company, which represents 7.61% of the Company's issued share capital. 21 January 2007 ---END OF MESSAGE---