Result of EGM

28 September 2012

Dragon - Ukrainian Properties & Development plc

(the "Company")

Result of Extraordinary General Meeting ("EGM")

Further to the announcements on 20 and 21 September 2012, the Company is pleased to announce that the resolutions put to shareholders at the Company's EGM held on 28 September 2012 to appoint Aloysius Wilhelmus Johannes van der Heijden, Tomas Fiala, Fredrik Svinhufvud, Rory Macnamara and Nikolai Artemenko as directors of the Company were duly passed.

The minutes of the AGM can be found on the Company's website at: http://dragon-upd.com/investor-information/important-information/Admission Document and Circulars  

The temporary suspension of the Company's shares that took effect from 13.45 on 19 September 2012 will now be lifted and trading in the Company's shares will resume at 14.30 today following the announcement of the Company's interim results for the 6 months ended 30 June 2012.

Contact

Dragon - Ukrainian Properties & Development Plc

www.dragon-upd.com

Tomas Fiala +380 44 490 7120

Dragon Capital Partners Limited

Chris Kamtsios +380 44 490 7120

Panmure Gordon (UK) Limited

Richard Gray / Andrew Potts +44 20 7459 3600