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Asian Growth Props (AGP)

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Wednesday 28 June, 2006

Asian Growth Props

Directors' Dealing

Asian Growth Properties Limited
28 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') is
now beneficially entitled to 181,714,641 ordinary shares of US$0.05 each in the
Company ('Ordinary Shares'), which represents approximately 83.47% of the issued
share capital of the Company and that Manifold Returns Group Limited ('MRG')
acquired on 27th June, 2006 6,600,000 Ordinary Shares, which represents
approximately 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 held
through its wholly-owned subsidiaries SEA (AGP) Offshore Limited and MRG

Together with the 5,444,879 Ordinary Shares held by its 52.69% owned subsidiary
Trans Tasman Properties Limited ('TTP'), S E A and TTP presently hold, in
aggregate, 187,159,520 Ordinary Shares representing approximately 85.97% 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 48,873,660 Ordinary Shares, which represents
approximately 22.45% of the issued share capital of the Company.  Mr. Lu is
deemed interested in the said Ordinary Shares by virtue of (i) his 6.52% direct
shareholding interest in JCS Limited ('JCS'), (ii) him being a discretionary
beneficiary 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 is
interested in 52.19% of the issued shares of S E A.

For more information:

Jim McGeever
HB Corporate
Tel: +44(0)207 510 8598

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