21 December 2009

Asian Citrus Holdings Limited

("Asian Citrus'" or "the Company")

Exercise of Employee Share Options

Asian Citrus Holdings Limited announces that following exercises of the Company's Employee Share Options, 2,896,000 ordinary shares of HK$0.01 have been issued (the "Conversion"). Following the Conversion, the Company's issued and fully paid share capital consists of 773,455,800 ordinary shares of HK$0.01 each, with one voting right per share and holds no ordinary shares in treasury.

Out of the 2,896,000 ordinary shares issued, 600,000 shares were issued to Mr. SUNG Chi Keung, an executive director of the Company. 360,000 employee options and 240,000 employee options were exercised at 11.2 pence per share and 13.9 pence per share respectively on 21 August 2009. Following this conversion, Mr. SUNG now holds 600,000 ordinary shares and 2,680,000 employee options.

Application will be made today to the London Stock Exchange for the ordinary shares, which will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 29 December 2009.

For further information please contact:

Asian Citrus Holdings Limited                                                                   Tel: 852 2559 0323

Tony Tong, Chairman and Chief Executive Officer

Eric Sung, Finance Director

Weber Shandwick Financial                                                                      Tel: 020 7067 0700

Terry Garrett, Stephanie Badjonat, John Moriarty