BEIJING, July 1, 2010 (GLOBE NEWSWIRE) — AutoNavi Holdings Limited, (“AutoNavi” or the “Company”) (Nasdaq:AMAP), a leading provider of digital map content and navigation and location-based solutions in China, today announced that its initial public offering of 8,625,000 American depositary shares (“ADSs”), each representing four ordinary shares of the Company, was priced at $12.50 per ADS. The ADSs will begin trading on the NASDAQ Global Select Market on July 1, 2010 under the symbol “AMAP.”

Of the 8,625,000 ADSs being offered, 7,500,000 ADSs are offered by AutoNavi, and 1,125,000 ADSs are offered by the selling shareholders. The underwriters have been granted a 30-day option to purchase up to an additional 1,293,750 ADSs from AutoNavi.

Goldman Sachs (Asia) L.L.C. acted as sole bookrunner, and Oppenheimer & Co. Inc. and Pacific Crest Securities LLC acted as co-managers for the offering.

AutoNavi’s registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.