CHANGE OF NOMINATED AIM BROKER

Ukrproduct Group Kiev, Ukraine - 1 September, 2008 - Ukrproduct Group ('Ukrproduct' or the 'Group') (AIM: UKR), a leading producer and distributor of branded dairy products in Ukraine, today announced that it has appointed Metropol (UK) Limited as Nominated AIM Broker with effect from 7 September, 2008. WH Ireland Limited will continue to act as the Group's Nominated Advisor. *** For further information, please visit www.ukrproduct.com or contact: -0- *T Ukrproduct Group Ltd. Shared Value Limited Sergey Evlanchik Larisa Kogut-Millings Chief Executive Officer Investor Relations Tel: +38 044 502 8014 Tel. +44 20 7 321 5010 sergey.evlanchik@ukrproduct.com ukrproduct@sharedvalue.net *T -0- *T WH Ireland Limited Metropol (UK) Limited David Youngman Alexander Selegenev Tel: +44 161 832 2174 Guerman Mikhailov Tel: +44 207 439 6880 *T Ukrproduct Group Ltd is a leading Ukrainian producer and distributor of branded dairy products. The Group's product portfolio includes processed and hard cheese, skimmed milk powder (SMP) and butter. Ukrproduct has built a range of recognisable product brands, well known and highly regarded by consumers ('Our Dairyman', 'People's Product', 'Creamy Valley', Molendam', 'Farmer's'). The Group has modern production facilities that comprise four dairy plants in western and central regions of Ukraine (Molochnik, Starokonstantinovskiy Dairy Plant, Zhmerinka Plant and Letichiv Dairy Plant) with a total annual integrated capacity of approximately 70,000 tons of dairy products. Ukrproduct has one of the largest logistics and distribution networks which covers eight major cities of Ukraine with its own fleet of 266 vehicles. The Group reported total assets of approximately GBP 23.7 million as at December 31, 2007 and consolidated revenues of approximately GBP 48.1 million for the full year of 2007. Ukrproduct's securities are traded under the symbol 'UKR' on AIM, a market operated by the London Stock Exchange. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward looking statements by terms such as 'expect,' 'believe,' 'anticipate,' 'estimate,' 'intend,' 'will,' 'could,' 'may' or 'might' the negative of such terms or other similar expressions. These statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in such projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Ukraine, rapid technological and market change in our industry, as well as many other risks specifically related to the Group and its operations.