Result of Special General Meeting

21 April 2017

ASIAN GROWTH PROPERTIES LIMITED

Proposed Reorganisation of the AGP Group involving

the Disposal of Certain Assets to S E A Holdings Limited

and AGP Special Dividend Payment to AGP Shareholders

Result of Special General Meeting

Reference is made to a Special General Meeting (the "SGM") convened by Asian Growth Properties Limited (the "Company" or "AGP") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, on 21 April 2017 for the purpose of considering and passing ordinary resolutions regarding the proposed disposal by the Company of certain of its assets to S E A Holdings Limited and the proposed special dividend as set out in the notice of SGM dated 31 March 2017.

The board of directors of the Company is pleased to announce that all the ordinary resolutions considered and voted upon by the Company's shareholders at the SGM held on 21 April 2017 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)