Ukrproduct Regulatory News (UKR)

1 Sep 2008 17:15

Kiev, Ukraine - 1 September, 2008 - Ukrproduct Group ("Ukrproduct" or the"Group") (AIM: UKR), a leading producer and distributor of branded dairyproducts in Ukraine, today announced that it has appointed Metropol (UK) Limitedas Nominated AIM Broker with effect from 7 September, 2008. WH Ireland Limitedwill continue to act as the Group's Nominated Advisor. *** For further information, please visit www.ukrproduct.com or contact: \* TUkrproduct Group Ltd. Shared Value LimitedSergey Evlanchik Larisa Kogut-MillingsChief Executive Officer Investor RelationsTel: +38 044 502 8014 Tel. +44 20 7 321 5010sergey.evlanchik@ukrproduct.com ukrproduct@sharedvalue.net\* T \* TWH Ireland Limited Metropol (UK) LimitedDavid Youngman Alexander SelegenevTel: +44 161 832 2174 Guerman Mikhailov Tel: +44 207 439 6880\* T Ukrproduct Group Ltd is a leading Ukrainian producer and distributor of brandeddairy products. The Group's product portfolio includes processed and hardcheese, skimmed milk powder (SMP) and butter. Ukrproduct has built a range ofrecognisable product brands, well known and highly regarded by consumers ("OurDairyman", "People's Product", "Creamy Valley", Molendam", "Farmer's"). TheGroup has modern production facilities that comprise four dairy plants inwestern and central regions of Ukraine (Molochnik, Starokonstantinovskiy DairyPlant, Zhmerinka Plant and Letichiv Dairy Plant) with a total annual integratedcapacity of approximately 70,000 tons of dairy products. Ukrproduct has one ofthe largest logistics and distribution networks which covers eight major citiesof Ukraine with its own fleet of 266 vehicles. The Group reported total assetsof approximately GBP 23.7 million as at December 31, 2007 and consolidatedrevenues of approximately GBP 48.1 million for the full year of 2007.Ukrproduct's securities are traded under the symbol "UKR" on AIM, a marketoperated by the London Stock Exchange. Some of the information in this press release may contain projections or otherforward-looking statements regarding future events or the future financialperformance of the Group. You can identify forward looking statements by termssuch as "expect," "believe," "anticipate," "estimate," "intend," "will,""could," "may" or "might" the negative of such terms or other similarexpressions. These statements are only predictions and that actual events orresults may differ materially. We do not intend to update these statements toreflect events and circumstances occurring after the date hereof or to reflectthe occurrence of unanticipated events. Many factors could cause the actualresults to differ materially from those contained in such projections orforward-looking statements, including, among others, general economicconditions, our competitive environment, risks associated with operating inUkraine, rapid technological and market change in our industry, as well as manyother risks specifically related to the Group and its operations. Copyright Business Wire 2008