TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

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

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

An acquisition or disposal of voting rights

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):                              Change in Shares in Issue         X

3. Full name of person(s) subject to the
notification obligation:                                     Genesis Asset Managers, LLP

4. Full name of shareholder(s)                                                       N/A
 (if different from 3.):

5. Date of the transaction and date on
which the threshold is crossed or
reached:                                                               12th October 2011

6. Date on which issuer notified:                                       28th August 2014

7. Threshold(s) that is/are crossed or                                                6%
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   250,000                 250,000    250,000               6.15%

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




Total (A+B+C)

Number of voting rights          Percentage of voting rights

250,000                          6.15%


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

Proxy Voting:

10. Name of the proxy holder:

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

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

13. Additional information:

14. Contact name:                                             Zoe Taylor

15. Contact telephone number:                                 +44 207 201 7200