Annual Report For The Year Ended 31 December 2010

FOR IMMEDIATE RELEASE

8th April, 2011

ANNUAL REPORT FOR THE YEAR

ENDED 31 DECEMBER 2010

Ukrproduct Group Limited (the "Company") (AIM: UKR), one of the leading producers and distributors of branded dairy products in Ukraine, announces that the annual report and accounts of the Company for the year ended 31 December 2010 has been posted to shareholders and is also available on the Company's website at www.ukrproduct.com  

For further information, please visit www.ukrproduct.com or contact: 

WH Ireland Limited Metropol (UK) Limited

Robin Gwyn Natalia Pastukhova

Tel: +44 161 832 2174 Tel. +44 (0) 20 7439 6880

Ukrproduct Group Ltd is one of the leading Ukrainian producers and distributors 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 ("Our Dairyman", "People's Product", "Creamy Valley", "Molendam", "Farmer's") that are well known and highly regarded by consumers. The Group has modern production facilities that comprise four operational dairy plants in western and central regions of Ukraine (Dairy Plant in Starokonstantyniv with two satellite plants in Krasyliv and Letychiv, and Butter and cheese plant in Zhytomyr) with a total annual integrated capacity of approximately 70,000 tonnes of dairy products. With its own fleet of more than 150 vehicles, Ukrproduct has one of the largest logistics and distribution networks in Ukraine which covers the country's eight major cities.