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Asian Growth Props (AGP)

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Monday 08 October, 2007

Asian Growth Props

Holding(s) in Company

Asian Growth Properties Limited
08 October 2007

8th October, 2007



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 received notifications of the interests in
the ordinary shares of US$0.05 each in the Company ('Shares') today as follows:

A. Change of Significant Shareholders' Interests

(1) S E A Holdings Limited ('SEA') would be beneficially entitled to, in
aggregate, 861,228,859 Shares which represent approximately 97.17% of the
existing issued share capital of the Company immediately after the completion of
the acquisition as mentioned in paragraph (2) below;

(2) Manifold Returns Group Limited ('MRG'), a wholly-owned subsidiary of SEA,
had contracted to acquire 2,712,673 Shares which represent approximately 0.31%
of the existing issued share capital of the Company from an independent third
party at a price of 29.5 pence each on 4th October, 2007 and expected that the
said acquisition would be completed on or about 9th October, 2007; and

(3) 668,653,817, 175,094,641, 9,310,594 and 5,457,134 Shares, which represent
approximately 75.44%, 19.75%, 1.05% and 0.62% respectively of the existing
issued share capital of the Company and are owned by SEA, are held through SEA's
wholly-owned subsidiaries Charm Action Holdings Limited, SEA (AGP) Offshore
Limited, MRC and Harbour Green Holdings Limited respectively.

B. Change of a Director's Deemed Shareholding Interest

(1) As a result of the change of SEA's shareholding in the Company immediately
after the completion of MRC's acquisition abovementioned, Mr. Lu Wing Chi ('Mr.
Lu'), an executive director of the Company and persons connected with him will
be deemed to be beneficially interested in 225,937,363 Shares which represent
approximately 25.49% 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 51.71% of the issued shares of SEA.

For more information:

Lu Wing Chi                                     Tel: +852 2828 6363
Executive Director
Asian Growth Properties Limited

Richard Gray                                    Tel: +44 207 459 3600
Andrew Potts
Panmure Gordon & Co
(Nominated Advisors)

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