Dragon Ukrainian Properties & Dev : Response to Publication of Offer Document by Dragon Capital Investments Limited, 11 Jul 2017

11 July 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Dragon-Ukrainian Properties & Development plc

("DUPD" or the "Company" and together with its subsidiaries, the "Group")

Response to Publication of Offer Document by Dragon Capital Investments Limited

Further to the 29 June 2017 announcement, the independent directors of DUPD (being Mark Iwashko and Aloysius Wilhelmus Johannes van der Heijden) (the "Independent Directors") now expect to be writing to shareholders later today with its formal response to the Offer Document. A further announcement will be released when this is published.

DUPD shareholders are strongly advised to take no action for the time being. Further announcements will be made as and when appropriate.

Contacts:

Dragon - Ukrainian Properties & Development plc (www.dragon-upd.com)

Mark Iwashko (Chairman) [phone]

Panmure Gordon (UK) Limited

Richard Gray / Andrew Potts (Nomad & Broker)

Karri Vuori / James Greenwood (Financial Adviser)

[phone]

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for DUPD and the Independent Directors and no one else in connection with the Possible Offer and will not be responsible to anyone other than DUPD and the Independent Directors for providing the protections afforded to its clients or for providing advice in relation to the Offer or any other matters referred to herein.