Exercise of Options

Ukrproduct Group Ltd
26 September 2007



                              Ukrproduct Group Ltd

                               (the "Company")

                              Exercise of options

The Company announces that it has issued 300,000 new ordinary shares of 10p each
in the Company ("Ordinary Shares") to certain directors of the Company following
the exercise of options at 57p per share ("Option Shares").

Application has been made for the Option Shares to be admitted to trading on AIM
and dealings are expected to commence on 2 October 2007. Following this share
issue the Company will have a total of 41,514,953 Ordinary Shares in issue.


The following directors were issued Options Shares:

Director                   Option Shares                  New        % of issued
                                                 shareholding     ordinary share                                        
                                                                         capital
Iryna Yevets                     200,000              200,000               0.48
Dmitry Dragun                    100,000              100,000               0.24


For further information:

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


WH Ireland Limited                                   [phone]
David Youngman





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