DUPD.L Regulatory News (DUPD)

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

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

Other (please specify):

Transfer of voting rights to an affiliate shareholder

X

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

THE GOLDMAN SACHS GROUP INC

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

ELQ INVESTORS II LTD

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

19 December 2012

6. Date on which issuer notified:

19 December 2012

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

15%

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

IM00B1XH2B90

16,959,700

15.51%

0

0

0

0

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0

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

 The interest in 16,959,700 shares is being transferred from ELQ Investors Ltd, a wholly owned subsiduary of The Goldman Sachs Group Inc. to ELQ Investors ii Ltd another wholly owned subsiduary of The Goldman Sachs Group Inc.

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:

N/A

14. Contact name:

Anthony Mitchell / Loan Documentation Team

15. Contact telephone number:

+442077748636Ficc-in-LoanDocumentation@gs.com