Director/PDMR Shareholding

13 May 2014

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 received notifications from the following directors of the Company reporting their respective 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) Before the end of April 2014, SEA has further issued new SEA shares in respect of the exercise of the subscription right to subscribe for SEA shares by option holder (the "Subscription").

(3) On 12 May 2014, Mr. Lambert Lu, an executive director of the Company, has acquired 850,000 SEA shares (the "Acquisition").

(4) On 12 May 2014, Mr. Lam Sing Tai, a non-executive director of the Company, has disposed 2,000,000 SEA shares (the "Disposal").

(5) After the Subscription, Nan Luen International Limited ("NLI") has diluted interest of 60.24% in the issued share capital of SEA.

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

(7) After the Subscription and the Acquisition, Mr. Lambert Lu, is deemed to have an indirect beneficial shareholding interest in 96,521,798 Shares, representing approximately 10.89% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.23% direct shareholding interest in SEA;

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

(iii) 21% direct shareholding interest in JCS.

(8) After the Subscription and the Disposal, Mr. Lam Sing Tai is deemed to have an indirect beneficial shareholding interest in 1,851,688 Shares, representing approximately 0.21% of the existing issued share capital of the Company, through his 0.21% direct shareholding interest in SEA.

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)