Result of Meeting - Option & Award Schemes

28th May, 2010

ASIAN GROWTH PROPERTIES LIMITED

Voting Results of Adoption of AGP Share Option Scheme and AGP Share Award Scheme

The board of directors of Asian Growth Properties Limited ("AGP" or the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, refers to an announcement made by the Company on 17th May, 2010 and notes an announcement made by S E A Holdings Limited ("SEA") on 27th May, 2010 ("SEA Announcement") regarding, amongst other matters, the voting results of the proposed adoption of a share option scheme and a share award scheme for AGP ("AGP Share Option Scheme" and "AGP Share Award Scheme").

The proposed resolutions regarding, amongst other matters, the approval and adoption of the AGP Share Option Scheme and the AGP Share Award Scheme and the authorization given to the board of directors of AGP or any of its committee or sub-committee delegated with the authority to administer the AGP Share Option Scheme and the AGP Share Award Scheme were duly passed as ordinary resolutions of SEA by its shareholders at the special general meeting held at 12:10 p.m. on Thursday, 27th May, 2010 at the Platinum and Diamond Rooms, 2nd Floor, Crowne Plaza Hong Kong Causeway Bay, 8 Leighton Road, Causeway Bay, Hong Kong.

SEA is an intermediate holding company of AGP, whose issued shares are listed and traded on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEx") and the Rules Governing the Listing of Securities on the HKEx requires that the adoption of the AGP Share Option Scheme and the AGP Share Award Scheme be approved by SEA shareholders in a general meeting. The full text of the SEA Announcement can be viewed on SEA's website at www.seagroup.com.hk/eng/news.asp for information.

AGP will in due course apply to the London Stock Exchange ("LSE") for permitting admission to the AIM market operated by the LSE for trading of any new AGP shares which may fall to be issued by AGP upon the exercise of the subscription rights attaching to any options which may be granted under the AGP Share Option Scheme and the vesting of any awards which may be granted under the AGP Share Award Scheme.

For more information, please contact:

Lu Wing Chi Tel: +852 2828 6363

Executive Director

Asian Growth Properties Limited

Richard Gray Tel: +44 207 459 3600

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)