2 September 2024

UKRPRODUCT GROUP LIMITED

("Ukrproduct" or the "Company")

APPOINTMENT OF NON-EXECUTIVE CHAIRMAN

Ukrproduct Group Limited (AIM: UKR), one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass), is pleased to announce the appointment of Rinat Abdrasilov to the board as independent non-executive Chairman, effective from 1 September 2024.

Rinat Abdrasilov, a British citizen and currently a director at JSC Ukrposhta, the national postal operator of Ukraine, is a strategy professional with extensive experience of corporate leadership. He has a strong track record in corporate governance, investor relations and business transformation and training across project management and finance. Rinat's recent non-executive director and advisory roles include at a bank, a housing association, an international software company, a UK government trust and a range of charities and associations internationally. He has extensive experience of working with executive board members, chairing committees, as well as in optimising overall board performance. Rinat is a graduate of the American University of Central Asia with a degree in Business Administration and an MBA from the University of Cambridge.

Sergey Evlanchik, Executive Director and temporary Chairman of the Board of Directors of Ukrproduct, commented:

"I am delighted to welcome Rinat to the Board of Directors of Ukrproduct. Rinat brings many years of solid FMCG, strategic planning, financial, digital transformation, investor relations, risk mitigation and corporate governance experience to the Group and I am confident that he will make a significant contribution to the success of Ukrproduct and help it to achieve its goals."

Further information on Mr Rinat Abdrasilov, as required in accordance with Schedule 2(g) of the AIM Rules for Companies:

 Mr Rinat Abdrasilov, aged 43

Mr Rinat Abdrasilov has no direct or indirect interest in the Company's issued share capital.

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules for Companies.

For further information contact: