The Ukraine Opportunity Trust PLC (the "Company")

The Board is pleased to announce the appointment of Beatrice Hollond as a
non-executive Director of the Company, with effect from today.

Ms Hollond is Chairman of Keystone Investment Trust plc, which she joined as a
non-executive director in 2003, and a non-executive director of Henderson
Smaller Companies Investment Trust plc and Templeton Emerging Markets
Investment Trust PLC. She has had a long career in the investment industry,
working initially with Morgan Grenfell Asset Management as a UK equity analyst
and with Credit Suisse Asset Management for sixteen years where her final role
was as a Managing Director in their Global Fixed Income business.

There are no other details or disclosures required under LR 9.6.13R of the
Financial Conduct Authority Listing Rules.

10 September 2014