Director/PDMR Shareholding

4 July 2014

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of the Director's 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 director of the Company reporting his deemed interests in the ordinary shares of US$0.05 each in the Company (the "Shares") 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) On 2 July 2014, Mr. Lambert Lu, an executive director of the Company, has exercised his subscription right to subscribe for 2,230,000 SEA shares (the "Subscription").

(3) After the Subscription, Nan Luen International Limited ("NLI") has diluted interest of 60.05% in the issued share capital of SEA.

(4) JCS Limited ("JCS") is interested in 63.58% of the issued share capital of NLI.

(5) After the Subscription, Mr. Lambert Lu, is deemed to have an indirect beneficial shareholding interest in 99,006,588 Shares, representing approximately 11.17% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.55% 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)