AGP.L Regulatory News (AGP)

11 December 2015

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of the Directors' Deemed Shareholding Interests

The board of directors of Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that the Company has today received notifications from the following executive and non-executive directors of the Company reporting their respective deemed interests in the ordinary shares of US$0.05 each in the Company (the "Shares") as follows:

I. S E A Holdings Limited ("SEA") is beneficially entitled to about 97.17% of the existing issued share capital of the Company.

II. On 2 July 2015, awarded shares of SEA were granted to Messrs. Lu Wing Chi, Lincoln Lu and Lambert Lu (executive directors of the Company) and Mr. Lam Sing Tai (non-executive director of the Company), pursuant to the share award scheme of SEA and the said awarded shares were transferred to them on 11 December 2015.

III. Nan Luen International Limited ("NLI") has a direct shareholding interest of 58.98% of the issued share capital of SEA and is also interested in 100% of the issued share capital in two companies which in turn are interested in a total of 5.23% of the issued share capital of SEA. Thus, NLI is deemed to have a total shareholding interest of 64.21% in the issued share capital of SEA.

IV. JCS Limited ("JCS") has a direct interest of 63.58% in the issued share capital of NLI.

V. NYH Limited ("NYH"), a company 100% owned by Mr. Lu Wing Chi, is interested in a total of 0.380% of the issued share capital of SEA (through a direct holding of 0.304% and an indirect holding of 0.076% through a 25% owned company). Accordingly, Mr. Lu Wing Chi is deemed to be interested in 0.380% interest in SEA by virtue of his 100% interest in NYH.

Immediately after the aforesaid event, the respective deemed interests in the Shares of the following directors of the Company as at 11 December 2015 are as follows:

(1) Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 355,561,750 Shares, representing approximately 40.11% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.64% direct shareholding interest in SEA;

(ii) 30% direct shareholding interest in NLI;

(iii) 49% direct shareholding interest in JCS; and

(iv) 100% direct shareholding interest in NYH.

(2) Mr. Lincoln Lu, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 130,828,258 Shares, representing approximately 14.76% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 2.72% direct shareholding interest in SEA;

(ii) 3.21% direct shareholding interest in NLI; and

(iii) 25.5% direct shareholding interest in JCS.

(3) Mr. Lambert Lu, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 130,225,363 Shares, representing approximately 14.69% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 2.65% direct shareholding interest in SEA;

(ii) 3.21% direct shareholding interest in NLI; and

(iii) 25.5% direct shareholding interest in JCS.

(4) Mr. Lam Sing Tai, non-executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 5,243,180 Shares, representing approximately 0.59% of the existing issued share capital of the Company, through his 0.61% direct shareholding interest in SEA.

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)