DUPD.L Regulatory News (DUPD)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii

DRAGON - UKRAINIAN PROPERTIES & DEVELOPMENT PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

x

Other (please specify):

See issuer announcement dated 25 June 2009

x

3. Full name of person(s) subject to the notification obligation: iii

The Goldman Sachs Group, Inc.

4. Full name of shareholder(s)  (if different from 3.):iv

ELQ Investors Ltd.

5. Date of the transaction and date on which the threshold is crossed or reached: v

29 JUNE 2009

6. Date on which issuer notified:

05 AUGUST 2009

7. Threshold(s) that is/are crossed or reached: vi, vii

14%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

IM00B1XH2B90

17,059,700

13.01%

17,059,700

14.49%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

17,059,700

14.49%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

The interest in 16,959,700 shares arose from a beneficial interest held by ELQ Investors Ltd., a wholly-owned subsidiary of The Goldman Sachs Group Inc.

The interest in 100,000 shares arose from the interest held by Goldman Sachs Bank AG, a ultimately owned subsidiary of The Goldman Sachs Group Inc., acting as discretionary manager. We believe that some of these shares are, or will be, registered in the name of Goldman Sachs Securities (Nominees), Limited.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

14. Contact name:

Oleg Laska

15. Contact telephone number:

+380 44 490 7120