20 Oct 2008 14:58
20 October 2008
Asian Citrus Holdings Limited
("Asian Citrus" or the "Company")
Director's Share Purchase
Asian Citrus was notified on 20 October 2008 that HSBC Securities Services (Isle of Man) as Trustee of InterRetire - Smith Executive Retirement Plan (the "Plan) acquired 20,000 ordinary shares in the Company from 14 October 2008 to 16 October 2008 at an average price of 148.5 pence per share (the "Shares"). The Plan's holding is now 20,000 ordinary shares representing 0.03% of the Company's issued share capital.
Nicholas Smith, a non-executive director of the Company, is a direct beneficiary of the Plan and is consequently taken as having an interest in all shares in the Plan. As a consequence of the acquisition of the above Shares by the Plan, Nicholas Smith is deemed to have acquired an interest in these Shares.
In addition to the shares held by the Plan, Nicholas Smith beneficially holds 40,000 ordinary shares in the Company (representing 0.05% of the Company's issued share capital) in his own name. Nicholas Smith's total beneficial holding is therefore now 60,000 ordinary shares representing 0.08% of the Company's issued share capital.
For further information please contact:
| Asian Citrus Holdings Limited | Tel: 852 2559 0323 |
| Tony Tong, Chairman and Chief Executive Officer | |
| Eric Sung, Finance Director | |
| Weber Shandwick Financial | Tel: 020 7067 0700 |
| Terry Garrett, Stephanie Badjonat, John Moriarty | |