Exercise of Options

Ukrproduct Group Ltd
15 February 2008

                              Ukrproduct Group Ltd



                                (the "Company")



                              Exercise of options



The Company announces that it has issued 1,042,896 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 21 February 2008. Following this share
issue the Company will have a total of 42,817,849 Ordinary Shares in issue.




For further information:

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


WH Ireland Limited                                   [phone]
David Youngman





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