Result of Extraordinary General Meeting

29 April 2016

ASIAN GROWTH PROPERTIES LIMITED

Proposed Disposal of Property - Dah Sing Financial Centre

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 29 April 2016 for the purpose of considering and passing an ordinary resolution regarding the proposed disposal of the entire issued share capital of SEA (BVI) Limited pursuant to the terms of the Sale Agreement as set out in the notice of EGM dated 3 March 2016.

The board of directors of the Company is pleased to announce that the ordinary resolution considered and voted upon by the Company's shareholders at the EGM held on 29 April 2016 was 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)