Ukrproduct Group Ltd 04 November 2005 4 November 2005 Ukrproduct Group ('UPG') completes acquisitions of Jhmerinka Butter & Cheese Plant Ltd and Letichiv Dairy Plant Following its announcement on 4 October 2005, UPG today announces that its acquisitions of 100% of the capital of the Jhmerinka Butter & Cheese Plant Ltd and 62% of the capital of the Letichiv Dairy Plant have both completed. The acquisitions will provide UPG with the necessary increases in production and raw material capacity to meet rising consumer demand. They will also expand the geographic coverage of the Group, provide complementary products to the Group's existing product ranges and extend the Group's raw milk supply zone. The Directors of UPG believe that the operating performance of both plants can be significantly improved through the introduction of improved cost controls, leveraging of the distribution network and optimisation of the product mix. For further information: Ukrproduct Group +38 044 502 8014 Sergey Evlanchik, CEO, and Dmitry Dragun, CFO Financial Dynamics +44 20 7831 3113 Ben Foster/ Charles Watenphul This information is provided by RNS The company news service from the London Stock Exchange