The Ukraine Opportunity Trust PLC (the "Company")

    Death of a Director

    The Board of The Ukraine Opportunity Trust PLC announces with great regret that
    Bertrand Lipworth has passed away.

    Bertrand had been a Director of the Company since 2007. The Board issued a
    statement saying "This is a great shock to us all and we will miss Bertrand's
    wise council and his excellent company."

    29 July 2015