LDC London Asia

RNS Number:9659G
London Asia Capital PLC
04 January 2005



                            LONDON ASIA CAPITAL PLC
                        ("London Asia" or the "Company")


                 Directors' Shareholding and Additional Listing

In recognition of the work performed during the past year, in particular the
closing of the investment in China Finance Investment Banking Group ("China
Finance"), the largest investment by the Company to date, the Board of London
Asia approved the issue of the following ordinary shares on 31 December 2004:

  * 690,000 shares to Victor Ng, Director of Greater China operations.
    Following the issue of these shares, the combined holding of Victor Ng and
    companies where he is a director is 6,201,398, which represents 4.8% of the
    enlarged issued share capital of the Company;
  * 690,000 shares to Maxaden Ltd, a company where Simon Littlewood, Chief
    Executive, is a director. Following the issue of these shares, the combined
    holding of Simon Littlewood and companies where he is a director is
    7,012,719, which represents 5.4% of the enlarged issued share capital of the
    Company;
  * 20,000 shares to Gerry Desler, Company Secretary.

All the shares were issued at 14.5p per shares and application has been made to
admit the new ordinary shares to be issued to trading on AIM. Admission is
expected on 10th January 2005. The total number of issued ordinary shares in the
Company admitted to AIM following the share issue will be 128.7 million.

Jack Wigglesworth, London Asia Chairman, said: "2004 was a significant year for
the Company as we began to see the benefits of the hard work put in over the
last few years by the management team in building up the contacts,
infrastructure and knowledge essential in a rapidly developing economy like
China. Over #6.5 million of new investments were made, the most significant of
which was our investment in China Finance, which will enable us to expand our
activities considerably in China. 2004 also saw the first dividends and profits
from our China operations, as well as a number of new partners and offices both
within China and outside, expanding our ability to access opportunities within
China and generate revenue."

Simon Littlewood, London Asia Chief Executive, said: "Our focus in 2005 is to
generate returns from the investments already made, and increase the revenue
generated from advisory work. The results to 31st December 2004 for China
Financial Services Ltd, our second largest investment to date, are currently
being audited to US GAAP, with a view to a listing of the business in the US
once all the necessary filings with the SEC have been completed."


ENQUIRIES:

Paul McManus, Binns & Co                          Tel 020 7153 1485
                                                  Mob: 07980 541 893

Jonathan Wright, Seymour Pierce                   Tel 020 7107 8000



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

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