TIDMUKR

RNS Number : 3396Q

Ukrproduct Group Ltd

11 September 2017

FOR IMMEDIATE RELEASE September 11, 2017

AMENDMENT TO OTP BANK LOAN AGREEMENT

Further to the announcements made on 26 June 2017, the Company is pleased to confirm receipt today of a

variation to the loan agreement with OTP Bank, originally issued on 30 May 2011, under which the principal loan repayment date has been further extended to 08 December 2017. All other principal terms of the loan agreement

remain unchanged. The principal amount outstanding under the loan remains Ukrainian Hyrvnia (UAH) 32.3 million.

For further information contact: Ukrproduct Group Ltd

   Jack Rowell, Non-Executive Chairman                                  Tel: +380 44 232 9602 
   Alexander Slipchuk, Chief Executive Officer                           www.ukrproduct.com

ZAI Corporate Finance Ltd. Nominated Adviser and Broker John Treacy

Tel: +44 20 7060 2220 www.zaicf.com

This announcement contains information which was previously inside information for the purposes of

Article 7 of the Market Abuse Regulation EU Regulation 596/2014.

Ukrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy products and kvass, a traditional fermented beverage. The Group's product portfolio includes processed and hard cheese, packaged butter, skimmed milk powder (SMP) and kvass. Ukrproduct has built a range of recognisable product brands ("Our Dairyman", "People's Product", "Creamy Valley", "Molendam", "Farmer's") that are well known and highly regarded by consumers. The Group reported unaudited consolidated total assets of approximately GBP 13.8 million as at June 30, 2016 and unaudited consolidated revenues of approximately GBP 8.2 million for the six months then ended. In its full year ended 31 December

2015, the Group reported audited revenues of approximately GBP 20.2 million. Ukrproduct's securities are traded under the symbol "UKR" on AIM, a market operated by the London Stock Exchange.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. These statements are only predictions and they may differ materially from the actual events or results. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from thos e contained in such projections or forward-looking statements, including, among others, general economic conditions, our

competitive environment, risks associated with operating in Ukraine, rapid technological and market change in our industry, as well as many other risks specifically related to the Group and its operations.

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRLIFVDASILLID

(END) Dow Jones Newswires

September 11, 2017 03:41 ET (07:41 GMT)

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