Director/PDMR Shareholding

2 October 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 (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 27 September 2013, Nan Luen International Limited ("NLI") has acquired additional SEA shares (the "Acquisition") and its direct shareholding interest in SEA has been increased from 61.07% to 61.08% after the Acquisition.

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

(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) After the Acquisition, Mr. Lu Wing Chi, an executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 333,683,545 Shares, representing approximately 37.65% 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) After the Acquisition, Mr. Lambert Lu, an executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 91,432,502 Shares, representing approximately 10.32% 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)