Director/PDMR Shareholding

4 November 2014

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of 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 notification from the following executive director of the Company reporting his deemed interests in the ordinary shares of US$0.05 each in the Company (the "Shares") is 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. SEA has changed its issued share capital as a result of the cancellation of the repurchased SEA Shares in October 2014.

(2) Nan Luen International Limited ("NLI") is interested in 59.75% of the issued share capital of SEA.

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

(4) On 31 October 2014, Mr. Lambert Lu, an executive director of the Company, has acquired 1,190,000 SEA Shares (the "Acquisition").

(5) Immediately after the Acquisition, Mr. Lambert Lu is deemed to have an indirect beneficial shareholding interest in 102,454,287 Shares, representing approximately 11.56% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 2% 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)