Result of EGM

10 November 2016

ASIAN GROWTH PROPERTIES LIMITED

Proposed Migration from the British Virgin Islands to Bermuda

Result of Extraordinary General Meeting

Reference was made to an Extraordinary General Meeting (the "EGM") convened by Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, on 10 November 2016 for the purpose of considering and passing special resolutions regarding the proposed change of domicile of the Company from the British Virgin Islands to Bermuda as set out in the notice of EGM dated 17 October 2016.

The board of directors of the Company is pleased to announce that all the special resolutions considered and voted upon by the Company's shareholders at the EGM held on 10 November 2016 were duly passed.

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)