Asia Ceramics Holdings plc

('Asia Ceramics' or 'the Company')

Board  Changes and Loan Facility

Asia Ceramics is pleased to announce the appointment of Marcus Nicola Paciocco as a Non-Executive Director of the Company. His appointment will be effective from 11 May 2015. The Company is also pleased to announce that Alei Duan, a non-executive director, will move to Non-Executive Chairman of the Company with immediate effect replacing Frank Lewis who will now step down.

Mr. Paciocco (aged 35) has obtained a Bachelor of Business in Marketing from Swinburne University, a Bachelor of Business in Accounting, and a Bachelor of Business Banking and Finance from Monash University and is a member of the Institute of Chartered Accountants Australia. Between 2001 and 2008 Mr. Paciocco worked for a number of Australian accountancy firms including: SV Partners (formerly CJL Partners), HLB Mann Judd and William Buck (formerly Webb & Co. In 2008 he joined Deloitte in the Cayman Islands as a Senior Consultant. In 2009 he joined FTI Consulting in Shanghai, China where he is currently the Managing Director of the Corporate Finance / Restructuring team.

Current directorships

Midsouth Holdings Pte Ltd

Newtonian Development Corporation Limited

Previous Directorships (within 5 years)

Zhengzhou Midsouth Kelai Air-Conditioning Equipment Co Ltd

There is no further information required by Rule 17 or Schedule 2 (paragraph G) of the AIM Rules for Companies.

The Company announces it has entered into a new loan facility with Tom Po, Chief Executive, that extends the existing loan by Mr Po of £500,000 by up to a further £250,000 to a total of £750,000. The loan is interest free and is repayable by 31 December 2018 subject to the Company having sufficient funds and is extendable at the option of the Company by a further 3 years. The Company will initially draw down approximately £100,000 (HK$1.2m) under the new loan facility, leaving approximately £150,000 remaining available under the facility.

The additional £100,000 will be used for  the Company's on- going working capital.

The new loan facility is a related party transaction under the AIM Rules for Companies. The independent directors, being the board with the exception of Mr Po, consider, having consulted with its nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

Mr Po, Chief Executive stated; ' I thank Frank Lewis for all the assistance he has provided to the Company over the last four and a half years and wish him well for the future.

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