Notice of EGM

Ukrproduct Group Ltd
25 January 2008



                            Ukrproduct Group Limited
                            ("UKR" or the "Company")

                    Notice of Extraordinary General Meeting


The Directors of the Company confirm today that they have dispatched a notice of
EGM to convene a meeting of shareholders at 39-41 Shota Rustaveli Street, 14th
floor, Kyiv 01033 Ukraine on Thursday 21 February 2008 at 5 pm.

At the meeting, the following business is proposed:

Resolution. THAT the Company be and is hereby unconditionally and generally
authorised for the purposes of article 57 of the Companies (Jersey) Law 1991, as
amended, to make one or more purchases of ordinary shares of £0.10 each in the
capital of the Company ("Ordinary Shares") which are trading on AIM, a market of
the London Stock Exchange, provided that:
     
(a)  the maximum aggregate number of Ordinary Shares hereby authorised to be 
     purchased is 1,500,000 representing 3% of the Company's authorised Ordinary
     Share capital;

(b)  the minimum price (exclusive of expenses) which may be paid for each
     Ordinary Share is 53.5 pence;

(c)  the maximum price (exclusive of expenses) which may be paid for an Ordinary 
     Share is an amount equal to no more than 3% above the average of the
     closing price for an Ordinary Share as derived from AIM for the five 
     business days immediately preceding the day on which the Ordinary Share is 
     contracted to be purchased;
     
(d)  unless previously revoked or varied, this authority shall expire at
     the conclusion of the next annual general meeting of the Company or on 1 
     July 2008, whichever is the earlier; and

(e)  a contract to purchase Ordinary Shares under this authority may be made 
     prior to the expiry of this authority, and concluded in whole or in part
     after the expiry of this authority."

The share purchases will be conducted in line with the requirements of the
Companies (Jersey) Law 1991 (as amended).

A copy of the Notice of EGM can be found on the Company's website
www.ukrproduct.com


For further information, please contact:

Dmitry Dragun, Ukrproduct Group Ltd             [phone]
David Youngman, WH Ireland Limited              [phone]


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