Exercise of Employee Share Options

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

Exercise of Employee Share Options

Asian Citrus Holdings Limited announces that following exercises of the Company's Employee Share Options, 1,410,000 ordinary shares of HK$0.01 have been issued.

All of the 1,410,000 shares were issued to Mr. PANG Yi, an executive director of the Company. 450,000 employee options, 240,000 employee options and 720,000 employee options were exercised at 11.2 pence per share, 13.9 pence per share and 20.45 pence per share respectively on 16 July 2010. Following this conversion, Mr. PANG now holds 1,410,000 ordinary shares and 5,740,000 employee options.

Application will be made today to the London Stock Exchange for the 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 23 July 2010.

16 July 2010