1998–99 Ukrainian First League was the eighth season of the Ukrainian First League which was won by FC Dynamo-2 Kyiv. The season started on July 31, 1998, and finished on July 4, 1999.

Promotion and relegation

Promoted teams

Two clubs promoted from the 1997-98 Ukrainian Second League through a promotion/relegation play-off tournament.

Relegated teams

Two clubs were relegated from the 1997-98 Ukrainian Top League:

Renamed teams

Teams

Standings

Promotion play-off

FC Cherkasy failed to obtain berth in the Top League.

Top scorers

Statistics are taken from here.