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Asian Growth Props (AGP)

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Tuesday 06 May, 2008

Asian Growth Props

Director/PDMR Shareholding

Asian Growth Properties Limited
06 May 2008

6th May, 2008


              Change of a Director's Deemed Shareholding 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 that the Company received notification of the change of the
deemed shareholding interest of Mr. Lu Wing Chi ('Mr. Lu'), an executive
director of the Company, in the ordinary shares of US$0.05 each in the Company
('Shares') today as follows:

Mr. Lu and the persons connected with him are presently deemed to be
beneficially interested in 243,632,171 Shares which represent about 27.49% of
the existing issued share capital of the Company as a result of Nan Luen
International Limited ('NLI') increasing its shareholding interest on 30th
April, 2008 in S E A Holdings Limited ('SEA');

SEA is beneficially entitled to, in aggregate, about 97.17% of the existing
issued share capital of the Company;

Mr. Lu is deemed interested in the 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 NLI. JCS is interested in
63.58% of the issued shares of NLI; and

Immediately before 30th April, 2008, NLI was interested in about 55.71% of the
issued shares of SEA. On 30th April, 2008, NLI increased its shareholding in SEA
to about 55.76%. As a result, Mr. Lu is deemed to have increased his beneficial
interest in Shares from 243,414,280 Shares (representing about 27.46% of the
issued share capital of the Company) to 243,632,171 Shares (representing about
27.49% of the issued share capital of the Company).

For more information, please contact:

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

Richard Gray                  Tel: +44 207 459 3600
Andrew Potts
Panmure Gordon (UK) Limited
(Nominated Advisor)

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