Ukrproduct Group Ltd 23 February 2006 Ukrproduct Group Ltd (the "Company") Disposal of Shares The Company announces that on 22 February 2006, Crensel Finance Ltd ("Crensel") and Densim Group Management SA ("Densim") each disposed of 162,617 ordinary shares of 10p each in the Company ("Ordinary Shares"), each representing 0.39% of the Company's issued Ordinary Share Capital, at 60p per Ordinary Share. Crensel and Densim are jointly owned in equal shares by two of the Company's directors, Messrs Sergey Evlanchik and Alexander Konstantinovich Slipchuk. Following this disposal, Crensel and Densim will each be interested in 14,837,383 Ordinary Shares in the Company, each holding representing approximately 36.0% of the Company's issued Ordinary Share Capital. For further information, please contact: Ukrproduct Group Limited Sergey Evlanchik, CEO, or Tel: +38 044 502 8014 Dmitry Dragun, CFO W.H. Ireland Limited D.W. Youngman Tel: +44 161 832 2174 Financial Dynamics Ben Foster / Charles Watenphul Tel: +44 207 831 3113 This information is provided by RNS The company news service from the London Stock Exchange