Trading Statement

Ukrproduct Group Ltd
14 December 2007


                            UKRPRODUCT GROUP LIMITED

                         ("Ukrproduct" or the "Group")

                               TRADING STATEMENT


The Group's trading performance during the second half of the current year has
remained buoyant. Sales of the Group's consumer products (cheeses and butter)
progressed to plan with sales of a particular product, smoked sausage cheese,
exceeding earlier projections for the period. Sales of bulk products (milk
powders) were also ahead of budget. Gross margins are being sustained in all
categories, particularly in smoked sausage cheese where there has been a steady
increase in gross profitability. As a result, the trading performance of the
Group for the period is ahead of management's expectations with expected profit
after tax for the year likely to reach £3 million.

The macroeconomic environment in which the Group operates remains conducive to
the Group's business. Consumer demand domestically in Ukraine has been stable,
or increasing in some product segments. World prices for skimmed milk powders,
after rising substantially during the year, have stabilised at levels favourable
to the Group. Ukrproduct's financial position remains robust with debt employed
conservatively. Terms and conditions for existing bank loans are fixed and have
not been influenced by the recent challenges in the world's credit markets.
Access to additional credit resources and backup loan facilities is
contractually arranged with a number of Ukrainian banks and can be accessed if
required.


For further information please contact:

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

WH Ireland Limited                                   0161 832 2174
David Youngman


                      This information is provided by RNS
            The company news service from the London Stock Exchange