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Statement re: Cash Balances

16 Sep 2008 16:05

RNS Number : 5768D

Dragon-Ukrainian Prop. & Dev. PLC

16 September 2008

Dragon - Ukrainian Properties & Development plc

(the 'Company' or 'DUPD')

Market Cap below cash balance.

Aloysius Wilhelmus Johannes van der Heijden, Dragon - Ukrainian Properties and Development Plc.'s chairman commented "We have recently seen the price for our share dropping to 58p, indicating a market capitalisation for DUPD of USD 146.7 million, which is below our current cash balance of USD 150 million. This effectively means that USD 156.3 million invested so far in our projects is fully discounted despite the notable progress on all of the underlined developments. It is important to note that USD 156.3 million of invested capital represents the actual cost of investments already made with no revaluation premium applied. In such environment, the Directors remain absolutely committed to actively continue our share buy-back program."

Enquiries:

For further information, please 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

KBC Peel Hunt Ltd (Nominated Adviser and Broker)

Capel Irwin: + 44 20 7418 8900

Daniel Harris

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRSFEFIMSASESU

Date		Source	Headline
26th Nov 2008	6:06 pm	RNS	Transaction in Own Shares
21st Nov 2008	9:47 am	RNS	Transaction in Own Shares
19th Nov 2008	8:33 am	RNS	Transaction in Own Shares
13th Nov 2008	12:25 pm	RNS	Transaction in Own Shares
11th Nov 2008	5:21 pm	RNS	Transaction in Own Shares
5th Nov 2008	5:09 pm	RNS	Transaction in Own Shares
4th Nov 2008	10:31 am	RNS	Transaction in Own Shares
31st Oct 2008	5:50 pm	RNS	Transaction in Own Shares
27th Oct 2008	4:06 pm	RNS	Transaction in Own Shares
24th Oct 2008	3:44 pm	RNS	Transaction in Own Shares
23rd Oct 2008	3:46 pm	RNS	Transaction in Own Shares
21st Oct 2008	2:42 pm	RNS	Transaction in Own Shares
20th Oct 2008	3:22 pm	RNS	Transaction in Own Shares
16th Oct 2008	5:59 pm	RNS	Transaction in Own Shares
15th Oct 2008	4:32 pm	RNS	Transaction in Own Shares
14th Oct 2008	9:54 am	RNS	Transaction in Own Shares
9th Oct 2008	6:00 pm	RNS	Director/PDMR Shareholding
9th Oct 2008	5:59 pm	RNS	Transaction in Own Shares
7th Oct 2008	9:22 am	RNS	Transaction in Own Shares
3rd Oct 2008	4:27 pm	RNS	Transaction in Own Shares
30th Sep 2008	5:54 pm	RNS	Total Voting Rights
29th Sep 2008	4:40 pm	RNS	Transaction in Own Shares
26th Sep 2008	9:16 am	RNS	Transaction in Own Shares
16th Sep 2008	4:05 pm	RNS	Statement re: Cash Balances
16th Sep 2008	4:00 pm	RNS	Transaction in Own Shares
15th Sep 2008	4:03 pm	RNS	Transaction in Own Shares
12th Sep 2008	8:48 am	RNS	Transaction in Own Shares
10th Sep 2008	3:05 pm	RNS	Transaction in Own Shares
8th Sep 2008	1:02 pm	RNS	Transaction in Own Shares
3rd Sep 2008	12:55 pm	RNS	Transaction in Own Shares
2nd Sep 2008	7:00 am	RNS	Transaction in Own Shares
2nd Sep 2008	7:00 am	RNS	Total Voting Rights
28th Aug 2008	3:53 pm	RNS	Transaction in Own Shares
26th Aug 2008	2:36 pm	RNS	Transaction in Own Shares
20th Aug 2008	4:33 pm	RNS	Transaction in Own Shares
7th Aug 2008	7:00 am	RNS	Interim Results
4th Aug 2008	6:17 pm	RNS	Holding(s) in Company
31st Jul 2008	4:34 pm	RNS	Result of EGM
16th Jul 2008	10:28 am	RNS	Holding(s) in Company
8th Jul 2008	5:12 pm	RNS	Notice of EGM - Replacement
8th Jul 2008	4:11 pm	RNS	Notice of EGM
24th Jun 2008	9:15 am	RNS	Result of AGM
16th Jun 2008	7:00 am	RNS	Trading Statement
5th Jun 2008	2:37 pm	RNS	Annual Report and Accounts
30th May 2008	2:01 pm	RNS	Change of Adviser
29th May 2008	9:42 am	RNS	Appointment of Auditor
7th May 2008	2:53 pm	RNS	Notice of AGM
18th Apr 2008	1:02 pm	RNS	Final Results replacement
18th Apr 2008	11:13 am	RNS	Final Results
18th Apr 2008	7:00 am	RNS	Independent Valuation

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