Exercise of Employee Share Options

11 August 2010

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, 701,000 ordinary shares each of HK$0.01 have been issued.

Out of the 701,000 ordinary shares issued, 120,000 shares and 90,000 shares were issued to Mr. SUNG Chi Keung and Mr. CHEUNG Wai Sun respectively, executive directors of the Company. 120,000 employee options and 90,000 employee options were exercised at 11.2 pence per share and 20.45 pence per share respectively on 11 August 2010. Following this conversion, Mr. SUNG now holds 520,000 ordinary shares and 4,560,000 employee options and Mr. CHEUNG now holds 90,000 ordinary shares and 1,320,000 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 18 August 2010.