Director/PDMR Shareholding

22 July 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 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") are 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 issue of new SEA shares to certain option holders who had exercised their subscription rights and the cancellation of the repurchased SEA shares during the period up to 18 July 2014.

(2) On 18 July 2014, Nan Luen International Limited ("NLI"), Mr. Lincoln Lu and Mr. Lambert Lu, executive directors of the Company, have acquired additional SEA shares (collectively, the "Acquisitions").

(3) NLI is interested in 59.70% of the issued share capital of SEA immediately after the Acquisitions.

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

(5) 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 1.203% of the issued share capital of SEA.

(6) Immediately after the Acquisitions, Mr. Lu Wing Chi, an executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 328,924,118 Shares, representing approximately 37.11% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.76% 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.

(7) Immediately after the Acquisitions, Mr. Lincoln Lu is deemed to have an indirect beneficial shareholding interest in 100,143,476 Shares, representing approximately 11.30% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.74% direct shareholding interest in SEA;

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

(iii) 21% direct shareholding interest in JCS.

(8) Immediately after the Acquisitions, Mr. Lambert Lu is deemed to have an indirect beneficial shareholding interest in 100,832,499 Shares, representing approximately 11.38% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.82% 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)