Tender Offer Deadline

15 December 2011

Dragon-Ukrainian Properties & Development plc

(the "Company")

Tender Offer Deadline

Further to the announcement on 6th December 2011, the Company wishes to remind shareholders that the deadline for presenting Tender Forms is 11:00 am on 22 December 2011.

The Circular and Tender Form were posted to Eligible Shareholders on 7 December 2011. The Tender Offer is for up to a maximum of 8,331,000 Ordinary Shares with a maximum aggregate value of US$5,000,000 at prices of between 30 pence and 44 pence per Ordinary Share. The terms of the Tender Offer are set out in a Circular and Tender Form which are available fromthe Company's website http://dragon-upd.com/investor-information/important-information/admission-document-and-circulars

For further information, please contact:

Dragon-Ukrainian Properties & Development Plc

Tomas Fiala

+380 44 490 7120

Dragon Capital Partners Limited

Chris Kamtsios:

+ 380 44 490 7120

Panmure Gordon (UK) Limited

Richard Gray / Andrew Potts

+44 20 7459 3600