Issue of Ordinary Shares pursuant to Scrip Dividen

22 December 2010

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

Issue of Ordinary Shares pursuant to Scrip Dividend

Asian Citrus announces the issue of 7,053,638 new ordinary shares of HK$0.01 each in the Company ("Ordinary Shares") pursuant to shareholder participation in the Scrip Dividend announced on 2 November 2010.

The offer price for Ordinary Shares is HK$9.878 (equivalent to approximately GBP0.7852,based on the exchange rate of GBP1:HK$12.58 with reference to the website of the Hong Kong Association of Banks on 5 November 2010 ). The offer price is the average closing price of the shares of the Company for the five trading days commencing (and including) 3 November 2010 on The Stock Exchange of Hong Kong Limited.

Application will be made today to the London Stock Exchange and Stock Exchange of Hong Kong Limited ("SEHK") for the Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and Main Board of SEHK, and admission is expected to become effective on 31 December 2010.

For further information please contact:

Weber Shandwick Financial Tel: 020 7067 0700

Terry Garrett, John Moriarty, Stephanie Badjonat

J.P. Morgan Cazenove Tel: 020 7588 2828

James Mitford / Gina Gibson