Henryland Group Limited

21 August 2013

Dragon-Ukrainian Properties & Development PLC

("DUPD" or the "Company")

Henryland Group Limited

Dragon-Ukrainian Properties & Development plc has been informed today, that Dragon Capital Investments Limited, an affiliate of DUPD's investment manager, Dragon Capital Partners Limited, has acquired East Capital's 50.45% shareholding in Henryland Group Ltd ("Henryland") for US$13.77 million.

Henryland owns and develops big box retail centres in Ukraine, with three operational centres out of 6 sites. DUPD acquired a 38% shareholding in Henryland in July 2007. Dragon Capital Investments Limited's acquisition price equates to a company value of US$27.3 million for Henryland, which represents a 6.4% discount to the value attributed to Henryland based on DUPD's carrying value for its 38% interest, being US$11.08 million as of 31 December 2012.

Following the acquisition, Dragon Capital will hold a 62% shareholding in Henryland.

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