PHILand Ranch Provides Update on Financing and Stock Market Listings

FRANKFURT, GERMANY and LOS ANGELES, CA–(Marketwire – August 5, 2010) –  PHILand Ranch Ltd. (FRANKFURT: 1P8) (XETRA: 1P8) (WKN A0RPEA), a company engaged in the development of master planned communities and other real estate developments in Vietnam and Southeast Asia, announced today that it has received a EUR 50 million subscription commitment from a $3.4 billion international fund. The company is in the process of completing the required documents in order to consummate the transaction.

Prior to the expiration of a previously announced funding commitment with EHMI Land Corp., the company had the opportunity to renew that agreement with certain revised conditions; however, PHILand Ranch chose not to further extend this financing arrangement.

The company is currently working with its auditors to complete a consolidated annual audit, expected by late September, to upgrade its listing to the entry level standard on the Frankfurt Stock Exchange. The company also is continuing with plans to list PHILand Ranch ADR’s (American Depository Receipts) for trading in the U.S. capital markets.

Discussions are underway with several institutions to coordinate an ADR listing. Once the ADR trading becomes effective, the company will announce the payment date for the previously announced dividend distribution of PHILand Ranch’s ADR’s to PHIGroup, Inc.’s (OTCBB: PHIE) shareholders of record as of December 31, 2009.

About PHILand Ranch Ltd.
PHILand Ranch Limited, a United Kingdom corporation, is engaged in the development of real estate, hospitality and master-planned community properties in Vietnam and the growing economies of Southeast Asia. The company is currently developing the first phase of a multi-billion dollar project at Pointe91 in Bien Rang, Chu Lai, Quang Nam Province, Central Vietnam through its wholly owned Vietnam-based subsidiary PHILand Vietnam Ltd. PHILand Ranch’s stock is traded on the Frankfurt Stock Exchange: 1P8.F and Xetra: 1P8.DE, WKN A0RPEA. Website: www.PHILandranch.com.

About PHIGroup, Inc.
PHIGroup (OTCBB: PHIE) provides M&A advisory and consulting services, develops real estate and natural resources and invests in special situations. PHIGroup, which specializes in raising capital and helping take companies public, is developing PHILand Ranch, one of the largest master planned communities in Vietnam. This project includes Pointe91, a luxury resort and premium residential community in Quang Nam province in central Vietnam (www.PHILandranch.com). PHIGroup is also engaged in mining activities through its majority-owned subsidiary PHI Mining Group, Inc. (www.phimining.com). Website: www.phiglobal.com.