Exercise of Options

Ukrproduct Group Ltd
21 January 2008



                              Ukrproduct Group Ltd

                                (the "Company")

                              Exercise of options


The Company announces that it has issued 130,000 new ordinary shares of 10p each
in the Company ("Ordinary Shares") following the exercise of options at 53.5p
per share ("Option Shares") by the Company's nominated adviser and broker, WH
Ireland Limited.

Application has been made for the Option Shares to be admitted to trading on AIM
and dealings are expected to commence on 25 January 2008. Following this share
issue the Company will have a total of 41,774,953 Ordinary Shares in issue.


For further information:

Ukrproduct Group Limited                             [phone]
Iryna Yevets, CEO,
Dmitry Dragun, CFO,

WH Ireland Limited                                   [phone]
David Youngman




                      This information is provided by RNS
            The company news service from the London Stock Exchange