Exercise of Employee Share Options

For immediate release 20 June 2011

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

Exercise of Employee Share Options

Asian Citrus announces that following the exercise of Employee Share Options, 866,000 new ordinary shares of HK$0.01 have been issued.

Out of the 866,000 ordinary shares issued, 120,000 shares were issued to Mr. CHEUNG Wai Sun, an executive director of the Company, who exercised 120,000 options at 13.9 pence per share on 20 June 2011. Following this conversion, Mr. CHEUNG now holds 120,000 ordinary shares and 1,200,000 employee options.

Following the issue of the 866,000 new shares, the Company's total issued share capital is 1,215,156,963 ordinary shares of HK$0.01 each.

Application will be made today to the London Stock Exchange for the new ordinary shares, which will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 27 June 2011.

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