Director/PDMR Shareholding

7 December 2015

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of the Director's 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 a notification from Mr. Lu Wing Chi, an executive director of the Company, reporting his 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. Immediately prior to the events disclosed in paragraph III below, NYH Limited ("NYH"), a company 100%-owned by Mr. Lu Wing Chi, was interested in 25% of the issued share capital in the following two companies which in turn were interested in a total of 1.223% of the issued share capital of SEA:

III. On 26 November 2015, NYH disposed of its entire 25% interests in Company A. On 3 December 2015, NYH acquired 2,060,800 SEA shares from Company B. After these events, NYH is interested in a total of 0.380% of the issued share capital of SEA as follows:

IV. Accordingly, Mr. Lu Wing Chi is deemed to be interested in 0.380% interests in SEA by virtue of his 100% interest in NYH.

V. 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 of 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.

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

Immediately after the aforesaid events, Mr. Lu Wing Chi is deemed to have an indirect beneficial shareholding interest in 353,064,041 Shares, representing approximately 39.83% of the existing issued share capital of the Company, by virtue of his following interests:

(i) 1.35% 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.

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)