Issue of Equity

15 April 2013

China Private Equity Investment Holdings Limited

("CPE" or the "Company")

Issue of Equity

The Company announces the proposed placing of up to 56,250,000 new ordinary shares in the Company ("Ordinary Shares") at a price of US$0.08 per share, to raise gross proceeds of up to US$4.5 million ("Placing").

The proceeds of the Placing will be put towards further investments in the future and to fund the Company's on-going working capital requirements.

Pursuant to the Placing, the Company has currently received subscriptions for 25,000,000 new Ordinary Shares, amounting to US$2 million. Application will be made for the 25,000,000 new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 19 April 2013 ("Admission").

Following Admission, China Thrive Investments Limited will have an aggregate holding of 25,000,000 Ordinary Shares, representing 24.68 per cent. of the Company's enlarged issued share capital.

A further announcement regarding the balance of Ordinary Shares made available under the Placing will be made in due course.

For further information, please visit www.cpe-invest.com or contact: