Completion of Major Transaction (0147X)

TIDMACHL

RNS Number : 0147X

Asian Citrus Holdings Ltd

30 November 2010

30th November 2010

Asian Citrus Holdings Limited

("Asian Citrus" or "the Group")

Completion of Major Transaction

The Board is pleased to announce that the Completion took place on 30 November 2010 following the approval by the Shareholders at the SGM held on 26 November 2010 and the fulfillment of all other conditions precedent set out in the Agreement.

Reference is made to the announcement of Asian Citrus Holdings Limited (the "Company") dated 11 October 2010, and the circular of the Company dated 1 November 2010 (the "Circular") relating to, among other things, the acquisition of the entire issued share capital of BPG Food & Beverage. Capitalised terms used herein shall have the same meanings as defined in the Circular unless specified otherwise.

The Board is pleased to announce that the Completion took place on 30 November 2010 following the approval by the Shareholders of the Agreement and the transactions contemplated thereunder and the Specific Mandate at the SGM held on 26 November 2010 and the fulfillment of all other conditions precedent set out in the Agreement. Immediately following the Completion, the Company indirectly wholly owns BPG Food & Beverage and is therefore effectively interested in 92.94% equity interest in Beihai BPG. Accordingly, the financial results of the Target Group will be consolidated into the financial statements of the Group.

For Further Information Contact:

Nick Oborne/John Moriarty/Stephanie Badjonat

Weber Shandwick Financial 0207 067 0700

This information is provided by RNS

The company news service from the London Stock Exchange

END

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