Ukrproduct Group Ltd 07 November 2005 7 November 2005 Ukrproduct Group Ltd Analyst Update Ukrproduct Group Ltd ("UPG" or "the Group"), one of Ukraine's leading producers of branded foods, will be providing the following update on trading during a programme of meetings with analysts. The trading environment during the third quarter and for the first month of the fourth quarter of the current year has remained buoyant. Sales across all sectors are up significantly with margins being sustained. The proceeds raised from the Group's successful admission to AIM have improved the Group's flexibility and its ability to negotiate improved borrowing facilities. Investment in the development of new products and the upgrading of production facilities remains on schedule for the full year 2005. On 4 November 2005, UPG completed the acquisitions of 100% of the capital of the Jhmerinka Butter & Cheese Plant Ltd and 62% of the capital of the Letichiv Dairy Plant. These acquisitions will provide UPG with the necessary increases in production and raw material capacity to meet rising consumer demand, extend the Group's raw milk supply zone and provide complementary products. Notes to editors Ukrproduct Group Ltd (UPG) is one of Ukraine's leading producers of branded foods. Headquartered in Kyiv and registered in Jersey, the company's main business focuses on the production and distribution of branded food products, namely packaged butter and processed cheese, to wholesale and retail outlets in Ukraine through its own distribution network. UPG also produces skimmed milk powder for export to countries across Europe as well as the Far East. UPG is the market leader in the processed cheese and packaged butter segments, with estimated market shares of 33% and 23% respectively. UPG is one of Ukraine's fastest growing companies within its sector, with compound average sales growth of 55% between 2001-2004. On 11 February 2005,Ukrproduct Group Ltd, became the first Ukrainian trading group to be admitted to AIM. The company successfully placed 27.2% of its share capital at 53.5p per share, giving the company an initial market capitalisation of £22.5 million. 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