Result of EGM

Dragon-Ukrainian Properties & Development plc ("DUPD" or the "Company" and together with its subsidiaries, the "Group")

Result of Extraordinary General Meeting ("EGM")

Further to the announcement made on 19 October 2012, the Company is pleased to announce that all resolutions put to shareholders at the Company's EGM held on 14 November 2012 were duly passed.

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

14 November 2012

For further information, please contact:

Dragon-Ukrainian Properties & Development plc (www.dragon-upd.com)

Tomas Fiala

+380 44 490 7120

Dragon Capital Partners Limited (Investment Manager)

Chris Kamtsios 

+380 44 490 2021

Panmure Gordon (UK) Limited (Nominated Adviser and Broker)

Richard Gray / Andrew Potts

+44 (0)20 7886 2500