Potential Disposal of Dah Sing Financial Centre

5 February 2016

ASIAN GROWTH PROPERTIES LIMITED

Potential Sale of Dah Sing Financial Centre

The board of directors (the "Board") of Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, wishes to advise that the Company is currently negotiating with an independent third party with regard to the sale of one of its investment properties in Hong Kong - Dah Sing Financial Centre (the "Potential Sale"). As of the date of this announcement, no binding agreement has been entered into by the Company regarding the Potential Sale. The Company will make further announcement(s) in respect of the Potential Sale as and when appropriate.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

For more information, please contact:

Lu Wing Chi Tel: +852 2828 6363

Executive Director

Asian Growth Properties Limited

Richard Gray Tel: +44 207 886 2500

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)