UKRO Ukraine

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer                   Ukraine Opportunity
of existing shares to which voting rights are                            Trust PLC (The)
attached:

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                                        X

An acquisition or disposal of qualifying financial instruments which may
result in the acquisition of shares already issued to which voting rights are
attached

An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the                          Damille Investments II
notification obligation:                                                         Limited

4. Full name of shareholder(s)                                Pershing Nominees  Limited
 (if different from 3.):                                           (on behalf of Damille
                                                                 Investments II Limited)

5. Date of the transaction and date on
which the threshold is crossed or                                          27 April 2015
reached:

6. Date on which issuer notified:                                             1 May 2015

7. Threshold(s) that is/are crossed or                                                3%
reached:


8. Notified details:

A: Voting rights attached to shares

Class/type   Situation previous            Resulting situation after the triggering transaction
of           to the triggering
shares       transaction


if possible  Number            Number      Number    Number of voting     % of  voting rights
using        of                of          of shares rights
the ISIN     Shares            Voting
CODE                           Rights
                                           Direct    Direct      Indirect Direct   Indirect


GB00B0HW6117
             0                 0           120,000   120,000     0        3.33%    0




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of        Expiration          Exercise/          Number of voting            % of voting
financial      date                Conversion Period  rights that may be          rights
instrument                                            acquired if the
                                                      instrument is
                                                      exercised/ converted.

N/A            N/A                 N/A                N/A                         N/A



C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments

Resulting situation after the triggering transaction

Type of       Exercise price   Expiration Exercise/  Number of voting rights  % of voting rights
financial                      date       Conversion instrument refers to
instrument                                period


                                                                              Nominal Delta
N/A           N/A              N/A        N/A        N/A
                                                                              N/A    N/A



Total (A+B+C)

Number of voting rights                            Percentage of voting rights

120,000                                            3.33%


9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:                           N/A



Proxy Voting:

10. Name of the proxy holder:                                                        N/A

11. Number of voting rights proxy holder will cease                                  N/A
to hold:

12. Date on which proxy holder will cease to hold                                    N/A
voting rights:



                                                                                     N/A
13. Additional information:

14. Contact name:                                                 JTC (Guernsey) Limited

15. Contact telephone number:                                              01481 702 400