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Asian Growth Props (AGP)

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Friday 20 January, 2006

Asian Growth Props

Holding(s) in Company

Asian Growth Properties Limited
20 January 2006

Asian Growth Properties Limited (the 'Company')

Significant shareholding and directors' dealing

The Company received notification on 19 January 2006 that S E A Holdings Limited
(S E A) is now beneficially entitled to 159,815,903 ordinary shares of US$0.05
each in the Company (Ordinary Shares), which represents 73.41% of the issued
share capital of the Company.

All the Ordinary Shares beneficially owned by S E A are held through its
wholly-owned subsidiary, Concord Legend Asia Group Limited.

Together with the 5,444,879 Ordinary Shares held by its non-wholly owned
subsidiary Trans Tasman Properties Limited (TTP), S E A and TTP now hold, in
aggregate, 165,260,782 Ordinary Shares representing 75.91% of the issued 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 be
beneficially interested in 17,692,054 Ordinary Shares, which represents 8.13% of
the issued share capital of the Company. Mr. Lu is deemed interested in the said
Ordinary Shares by virtue of his 6.52% direct interest in JCS Limited (JCS) and
by virtue of him being a discretionary beneficiary of a discretionary trust
which owns 26.08% of JCS. JCS is interested in 63.58% of Nan Luen International
Limited which is interested in 51.65% of S E A.

For more information: 

David Newton 
HB Corporate 
Tel: +44(0)207 510 8561 

Pam Spooner / Abigail Singleton / Leesa Peters 
Conduit PR 
Tel: +44(0)207 429 6666 / 

                      This information is provided by RNS
            The company news service from the London Stock Exchange