TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer The Ukraine Opportunity of existing shares to which voting rights are
Trust PLC attached:
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rightsX
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 Montpelier Investment
notification obligation: Management LLP
Seagrass Investments LP
Chelsea Investments LP4. Full name of shareholder(s) Montpelier
Global Funds (if different from 3.): Limited - The Montpelier Fund
5. Date of the transaction and date on which the threshold is crossed or 16
December 2011 reached:
6. Date on which issuer notified: 19
December 2011
7. Threshold(s) that is/are crossed or
20% 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
Number Number Number Number of voting % of voting rights
if possible of of of shares rights
using Shares Voting
the ISIN Rights Direct Direct Indirect Direct Indirect
CODE
GB00B0HW6117 795,969 795,969 620,969 620,969 16.99%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.C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/ Number of voting rights % of voting
financial price date Conversion instrument refers to rights instrument period
30 Apr 30 Apr Nominal Delta
Warrant US$10.00 2012 2012 60,400
1.65% 1.65%
Total (A+B+C)
Number of voting rights Percentage of voting rights
681,369 18.65%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Montpelier Investment Management LLP controls the shares under Investment
Management Agreements with the following:
i) Seagrass Investments LP - 244,369 shares (6.69%) and 60,400 warrants (1.65%)
ii) Chelsea Investments LP - 251,600 shares (6.88%)
iii) Montpelier Global Funds Limited - The Montpelier Fund - 125,000 shares (3.42%)
Proxy Voting:10. Name of the proxy holder:
11. Number of voting rights proxy holder will ceaseto hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:
14. Contact name: David Rooney
Edmund Eze15. Contact telephone number: 44 (0)
207 589 1700
