Trading Statement

Ukrproduct Group Ltd
12 July 2007

                            UKRPRODUCT GROUP LIMITED

                   TRADING UPDATE FOR THE FIRST HALF OF 2007



Ukrproduct Group Ltd ("the Group"), one of Ukraine's leading producers of
branded foods, provides the following update on its trading activities.



The Group's trading performance during the first half of the current year has
remained encouraging. Sales across all product segments performed well with
margins sustained or in some cases, such as skimmed milk powder, improving. As a
result, the trading performance of the Group for the period has been ahead of
management's expectations.



In processed cheese, the Group's market share has stabilised. Sales in certain
varieties of cheeses such as smoked sausage cheese has been constant with
further growth anticipated to resume in September. Packaged butter, both in
terms of volumes and margins, remained a dependable product category for the
Group. Skimmed milk powder continues to enjoy robust demand on the world market
with prices and margins in the first half of the year being very favourable for
the Group. In May and June, the Group succeeded in growing skimmed milk powder
sales to match the enlarged capacity in full and there are prior indications to
the same effect for July and August. Production of hard cheese, a new category,
has started with the first sales of the product expected in August.



For further information please contact:




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


WH Ireland Limited                                   0161 832 2174
David Youngman





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