[Press Release dated August 3, 2012. China Metro-Rural Holdings Limited CNR Announces Issuance of US$60 million Guaranteed Secured Convertible Bonds and Bonds Ordinary Shares Investor Bond Offering NEW YORK — (MARKETWIRE) — August 3, 2012 — China Metro-Rural Holdings Limited (NYSE MKT: CNR) is pleased to announce that it plans to issue US$60,000,000, 14 per cent. guaranteed secured convertible bonds] [Dated 24 July 2012 CHINA METRO-RURAL HOLDINGS LIMITED and WILLIS PLUS LIMITED SUBSCRIPTION AGREEMENT relating to US$60 million convertible bonds due 2017 convertible into ordinary shares of China Metro-Rural Holdings Limited and exercisable into ordinary shares of China Metro-Rural Holdings Limited 10th Floor, Alexandra House Chater Road Hong Kong Telephone (852) 2842 4888 Facsimile (852) 2810 8133/2810 1695 Ref L-202213] [[ISSUER CONVERTIBLE BOND] DEFINITIVE CERTIFICATE FOR THE CONVERTIBLE BONDS AMOUNT: US$60,000,000 CERTIFICATE NUMBER: 001 CHINA METRO-RURAL HOLDINGS LIMITED (incorporated in the British Virgin Islands with limited liability) US$60,000,000 14 per cent. Guaranteed Secured Convertible Bonds due 2017 convertible into the ordinary shares of China Metro-Rural Holdings Limited Bonds Issuer Subsidiary Guarantors Conditions The Bond or Bonds in respect of which] [[•] 2012 CHINA METRO-RURAL HOLDINGS LIMITED relating to Shares of China Metro-Rural Holdings Limited Linklaters 10th Floor, Alexandra House Chater Road Hong Kong Telephone (852) 2842 4888 Facsimile (852) 2810 8133/2810 1695 Ref: L-202213 TABLE OF CONTENTS Contents Page 1 Interpretation 1 4 3 Taxes 5 4 Adjustments 6 5 General Covenants 6 6 Original Document 9] [Dated [•] July 2012 CHINA METRO-RURAL HOLDINGS LIMITED and WILLIS PLUS LIMITED REGISTRATION RIGHTS AGREEMENT Linklaters 10th Floor, Alexandra House Chater Road Hong Kong Telephone (+852) 2842 4888 Facsimile (+852) 2810 8133/2810 1695 Ref L-202213 Table of Contents Contents Page 1 Definitions 1 2 Registration 4 3 6 4 12 5 Expenses of Registration] [— Dated [ M.S. ELECTRONIC EMPORIUM LIMITED CHINA METRO-RURAL LIMITED CHINA METRO-RURAL EXCHANGE LIMITED CHINA METRO-RURAL DEVELOPMENT LIMITED CHINA FOCUS CITY (H.K.) HOLDINGS LIMITED as Guarantors of the Bonds issued by CHINA METRO-RURAL HOLDINGS LIMITED Linklaters 10th Floor, Alexandra House Chater Road Hong Kong Telephone (+852) 2842 4888 Facsimile (+852) 2810 8133/2810 1695 Ref L-202213 This Deed of Guarantee —] [Dated 24 July 2012 MR. CHENG CHUNG HING and MR. LEUNG MOON LAM and WILLIS PLUS LIMITED and PA UNIVERSAL OPPORTUNITY VII LIMITED SUBSCRIPTION AND INVESTOR’S RIGHTS AGREEMENT relating to US$60 million secured bonds due 2017 10th Floor, Alexandra House Chater Road Hong Kong Telephone (852) 2842 4888 Facsimile (852) 2810 8133/2810 1695 Ref L-202213 Contents Clause Heading Page 1] [Dated 24 July 2012 WILLIS PLUS LIMITED and MR. CHENG CHUNG HING and MR. LEUNG MOON LAM and PA UNIVERSAL OPPORTUNITY VII LIMITED DEED OF UNDERTAKINGS relating to US$60,000,000 14 per cent. Guaranteed Secured Convertible Bonds due 2017 convertible into the ordinary shares of China Metro-Rural Holdings Limited and exercisable into the ordinary shares of China Metro-Rural Holdings Limited Ref:] [[PAG BOND] DEFINITIVE CERTIFICATE FOR THE GUARANTEED SECURED BONDS US$60,000,000 CERTIFICATE NUMBER: 001 WILLIS PLUS LIMITED (incorporated in the British Virgin Islands with limited liability) US$60,000,000 14 per cent. Guaranteed Secured Bonds due 2017 Bonds Issuer Shareholder Guarantors Conditions The Bond or Bonds in respect of which this Certificate is issued are in registered form, without coupons attached and form] [Dated [•] 2012 MR CHENG CHUNG HING and MR. LEUNG MOON LAM as Guarantors of the Bonds issued by WILLIS PLUS LIMITED DEED OF GUARANTEE Linklaters 10th Floor, Alexandra House Chater Road Hong Kong Telephone (+852) 2842 4888 Facsimile (+852) 2810 8133/2810 1695 Ref L-202213 This Deed of Guarantee MR CHENG CHUNG HING Mr Cheng MR. LEUNG MOON LAM, Mr] [China Metro-Rural Holdings Limited Form 6-K Issuance of Guaranteed Secured Convertible Bonds Company Bonds CBs Ordinary Shares Investor CB Transaction Subsidiary Guarantors On July 24, 2012, China Metro-Rural Holdings Limited (the “ Under the terms of the CBs, the Company undertakes to comply with certain financial covenants and will need to seek consent of holders of CBs in respect of]