Board Change

Ukrproduct Group Ltd 12 July 2006 12 July 2006 UKRPRODUCT GROUP LTD ('UPG') Board Change Ukrproduct Group announces that David Lattimore has decided to resign as a Director of the Group in order to pursue other business interests. David will stand down from the Board on 7 October 2006. David has been a Non-Executive Director of UPG since November 2004. Jack Rowell, Non-Executive Chairman, said, "On behalf of the Board, I would like to take this opportunity to thank David for his excellent work over the last eighteen months, in particular for helping UPG become the first Ukrainian company to be admitted to AIM. We wish him every success for the future." For further information, contact: Ukrproduct Group +44 1225 780 266 Jack Rowell, Chairman Financial Dynamics +44 207 831 3113 Benjamin Foster / Charles Watenphul This information is provided by RNS The company news service from the London Stock Exchange