Revaluation of Property Portfolio

Asian Growth Properties Limited

14 February 2014

ASIAN GROWTH PROPERTIES LIMITED

Revaluation of Property Portfolio

The board of directors (the "Board") of Asian Growth Properties Limited (the "Company", together with its subsidiaries, the "Group") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that based on information currently available, the Group is likely to record a decrease in net profit for the year ended 31 December 2013 as compared to that for the year ended 31 December 2012. This is mainly attributable to the less increase in fair value gains on the Group's investment properties for the year ended 31 December 2013 as compared to that for the year ended 31 December 2012. Notwithstanding the aforesaid, the Board expects to record an increase in revenue and profit from operations (before fair value changes on properties) for the year ended 31 December 2013. The decrease in net profit for the year ended 31 December 2013 will not have any negative impact on the cash flow and operations of the Group.

As the Company is still in the process of finalising the annual results for the year ended 31 December 2013, the information contained in this announcement is only a preliminary assessment made by the Board based on the figures and information currently available, which have not been reviewed and audited by the Company's independent auditor. The Company expects to announce its audited annual results for the year ended 31 December 2013 in late March 2014.

Shareholders and potential investors 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)