Director Share Dealings

Ukrproduct Group Ltd
23 February 2006

                              Ukrproduct Group Ltd

                                (the "Company")



                               Disposal of Shares



The Company announces that on 22 February 2006, Crensel Finance Ltd ("Crensel")
and Densim Group Management SA ("Densim") each disposed of 162,617 ordinary
shares of 10p each in the Company ("Ordinary Shares"), each representing 0.39%
of the Company's issued Ordinary Share Capital, at 60p per Ordinary Share.



Crensel and Densim are jointly owned in equal shares by two of the Company's
directors, Messrs Sergey Evlanchik and Alexander Konstantinovich Slipchuk.



Following this disposal, Crensel and Densim will each be interested in
14,837,383 Ordinary Shares in the Company, each holding representing
approximately 36.0% of the Company's issued Ordinary Share Capital.



For further information, please contact:


Ukrproduct Group Limited
Sergey Evlanchik, CEO, or                              Tel: [phone]
Dmitry Dragun, CFO

W.H. Ireland Limited
D.W. Youngman                                          Tel: [phone]

Financial Dynamics
Ben Foster / Charles Watenphul                         Tel: [phone]




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