AGP.L Regulatory News (AGP)

6 May 2008 09:46

Asian Growth Properties Limited06 May 2008 6th May, 2008 ASIAN GROWTH PROPERTIES LIMITED Change of a Director's Deemed Shareholding Interest The board of directors of Asian Growth Properties Limited (the "Company") (AIMStock Code: AGP), the Hong Kong based China property development and investmentcompany, announces that the Company received notification of the change of thedeemed shareholding interest of Mr. Lu Wing Chi ("Mr. Lu"), an executivedirector of the Company, in the ordinary shares of US$0.05 each in the Company("Shares") today as follows: Mr. Lu and the persons connected with him are presently deemed to bebeneficially interested in 243,632,171 Shares which represent about 27.49% ofthe existing issued share capital of the Company as a result of Nan LuenInternational Limited ("NLI") increasing its shareholding interest on 30thApril, 2008 in S E A Holdings Limited ("SEA"); SEA is beneficially entitled to, in aggregate, about 97.17% of the existingissued share capital of the Company; Mr. Lu is deemed interested in the Shares by virtue of (i) his 6.52% directshareholding interest in JCS Limited ("JCS"), (ii) him being a discretionarybeneficiary of a discretionary trust which owns 26.09% of the issued shares ofJCS, and (iii) his 30% direct shareholding interest in NLI. JCS is interested in63.58% of the issued shares of NLI; and Immediately before 30th April, 2008, NLI was interested in about 55.71% of theissued shares of SEA. On 30th April, 2008, NLI increased its shareholding in SEAto about 55.76%. As a result, Mr. Lu is deemed to have increased his beneficialinterest in Shares from 243,414,280 Shares (representing about 27.46% of theissued share capital of the Company) to 243,632,171 Shares (representing about27.49% of the issued share capital of the Company). For more information, please contact: Lu Wing Chi Tel: +852 2828 6363Executive DirectorAsian Growth Properties Limited Richard Gray Tel: +44 207 459 3600Andrew PottsPanmure Gordon (UK) Limited(Nominated Advisor) This information is provided by RNS The company news service from the London Stock Exchange