Transaction in Own Shares

2 Sep 2008 07:00

Dragon - Ukrainian Properties & Development plc

(the 'Company')

Transaction in own shares

The Company announces that, pursuant to the general authority granted by shareholders of the Company on 31 July 2008 to make market purchases of its own shares, the Company made market purchases totalling 100,000 ordinary shares of 1p each ('Shares') each at a price of 77 pence per Share on 29 August 2008 ("Purchased Shares"). The Purchased Shares were cancelled following the acquisition.

Following the purchase of the Purchased Shares, the Company has a total of 142,018,716 Shares in issue and with voting rights ("Voting Shares") (after deducting the 100,000 Purchased Shares). The Purchased Shares represent 0.07 per cent of the Voting Shares. 

1 September 2008

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