Director/PDMR Shareholding

17 September 2013

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of the Directors' Deemed Shareholding Interests

The board of directors of Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that the Company has today received notifications from the following executive directors of the Company reporting their respective deemed interests in the ordinary shares of US$0.05 each in the Company as follows:

(1) S E A Holdings Limited ("SEA") is beneficially entitled to about 97.17% of the existing issued share capital of the Company.

(2) Nan Luen International Limited ("NLI") is interested in 61.07% of the issued share capital of SEA.

(3) JCS Limited ("JCS") is interested in 63.58% of the issued share capital of NLI. On 13 September 2013, Messrs. Lu Wing Chi and Lambert Lu, the executive directors of the Company, have acquired additional shares in JCS (the "Acquisition") and Mr. Lu Wing Chi's direct shareholding interest in JCS has been increased from 32.61% to 48% while Mr. Lambert Lu's direct shareholding interest in JCS has been increased from 13.04% to 21%.

(4) NYH Limited ("NYH") is interested in 25% of the issued share capital in each of the two companies which in turn are interested in a total of 1.233% of the issued share capital of SEA.

(5) Immediately after the Acquisition, Mr. Lu Wing Chi is deemed to have an indirect beneficial shareholding interest in 333,631,868 shares of the Company, representing approximately 37.64% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.47% direct shareholding interest in SEA;

(ii) 30% direct shareholding interest in NLI;

(iii) 48% direct shareholding interest in JCS; and

(iv) 100% direct shareholding interest in NYH.

(6) Immediately after the Acquisition, Mr. Lambert Lu is deemed to have an indirect beneficial shareholding interest in 91,417,860 shares of the Company, representing approximately 10.31% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 0.50% direct shareholding interest in SEA;

(ii) 3.21% direct shareholding interest in NLI; and

(iii) 21% direct shareholding interest in JCS.

For more information, please contact:

Lu Wing Chi Tel: +852 2828 6363

Executive Director

Asian Growth Properties Limited

Richard Gray Tel: +44 207 886 2500

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)