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Asian Growth Props (AGP)

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Wednesday 01 August, 2007

Asian Growth Props

Holding(s) in Company

Asian Growth Properties Limited
01 August 2007


ASIAN GROWTH PROPERTIES LIMITED 

CHANGES OF SIGNIFICANT SHAREHOLDERS' INTERESTS AND A DIRECTOR'S DEEMED INTEREST

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 as follows:

The Company received notifications today that:

A. Change of Significant Shareholders' Interests

(1) S E A Holdings Limited ('SEA') is now beneficially entitled to, in
aggregate, 856,932,838 ordinary shares of US$0.05 each in the Company ('Shares')
which represent approximately 96.68% of the existing issued share capital of the
Company;

(2) on 2nd July, 2007, Harbour Green Holdings Limited, a wholly-owned subsidiary
of SEA, acquired from Trans Tasman Properties Limited, another wholly-owned
subsidiary of SEA, and another party a total of 5,457,134 Shares which represent
approximately 0.62% of the existing issued share capital of the Company at a
price of 35.25 pence each; and

(3) 7,727,246, 175,094,641 and 668,653,817 Shares, which represent approximately
0.87%, 19.75%, and 75.44% respectively of the existing issued share capital of
the Company, beneficially owned by SEA are held through its wholly-owned
subsidiaries Manifold Returns Group Limited, SEA (AGP) Offshore Limited and
Charm Action Holdings Limited respectively.

B. Change of a Director's Deemed Interest

(1) As a result of the change of SEA's shareholding in the Company, Mr. Lu Wing
Chi ('Mr. Lu'), an executive director of the Company, and persons connected with
him are deemed to be beneficially interested in 227,287,724 Shares which
represent approximately 25.64% of the existing issued share capital of the
Company; and

(2) Mr. Lu is deemed interested in the said 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
issued shares of JCS, and (iii) his 30% direct shareholding interest in Nan Luen
International Limited ('NLI').  JCS is interested in 63.58% of the issued shares
of NLI which in turn is interested in 52.28% of the issued shares of SEA.


For more information:

Chan Ka Wing                                    Tel: +852 2828 6345
Executive Director
Asian Growth Properties Limited

Richard Gray                                    Tel: +44 207 459 3600
Andrew Potts
Panmure Gordon & Co










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