Directors' Dealing

28 Jun 2006 14:15

Asian Growth Properties Limited28 June 2006 Asian Growth Properties Limited (the "Company") Significant Shareholding and Directors' Dealing The Company received notification today that S E A Holdings Limited ("S E A") isnow beneficially entitled to 181,714,641 ordinary shares of US$0.05 each in theCompany ("Ordinary Shares"), which represents approximately 83.47% of the issuedshare capital of the Company and that Manifold Returns Group Limited ("MRG")acquired on 27th June, 2006 6,600,000 Ordinary Shares, which representsapproximately 3.03% of the issued share capital of the Company. 175,094,641 and 6,620,000 Ordinary Shares beneficially owned by S E A are heldthrough its wholly-owned subsidiaries SEA (AGP) Offshore Limited and MRGrespectively. Together with the 5,444,879 Ordinary Shares held by its 52.69% owned subsidiaryTrans Tasman Properties Limited ("TTP"), S E A and TTP presently hold, inaggregate, 187,159,520 Ordinary Shares representing approximately 85.97% of theissued share capital of the Company. As a result of the change in shareholding of S E A, Mr. Lu Wing Chi ("Mr. Lu"),a director of the Company, and persons connected with him are deemed to bebeneficially interested in 48,873,660 Ordinary Shares, which representsapproximately 22.45% of the issued share capital of the Company. Mr. Lu isdeemed interested in the said Ordinary 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 shares of JCS, and(iii) his 30% direct shareholding interest in Nan Luen International Limited("NLI"). JCS is interested in 63.58% of the shares of NLI which in turn isinterested in 52.19% of the issued shares of S E A. For more information: Jim McGeeverHB CorporateTel: +44(0)207 510 8598 Pam Spooner / Abigail Singleton / Leesa PetersConduit PRTel: 44(0)207 429 6666pam@conduitpr.com / abigail@conduitpr.com This information is provided by RNS The company news service from the London Stock Exchange