Funding and Project Update (0535Y)

TIDMCGA

RNS Number : 0535Y

China Gateway International PLC

16 December 2010

For immediate release 16 December 2010

China Gateway International PLC

Funding and Project Update

The Company is pleased to announce that it has agreed additional funding from Israel Discount Bank (IDB), covering all its existing properties at Manston Business Park, Thanet; Western Heights, Dover; and Farthingloe Great Farm, Dover.

The funding will remain in place until 30th November 2011 on a profit share basis.

The facility will enable the Company to obtain a signed Section 106 agreement on part of the Company's land holding at Manston and conclude the resolution to grant planning.

The Company has been working closely with Dover District Council and key stakeholders to develop an exciting regeneration project for Western Heights and Farthingloe. The Company considers that this can now be progressed to a planning application during 2011.

In addition, the major shareholders and Directors will consider supporting the Company's working capital requirements and accordingly it is considering raising additional funds from these parties by means of an issue of new ordinary shares.

The Company will provide further updates on both the Manston and Dover Properties in due course.

Contact:

Ken Wills, China Gateway International PLC +44 (0) 1843 822444

Roland Cornish, Beaumont Cornish Limited +44 (0) 20 7628 3396

This information is provided by RNS

The company news service from the London Stock Exchange

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