TIDMBKSA

RNS Number : 9382D

Black Sea Property Fund Limited

03 February 2015

The Black Sea Property Fund Limited

("Black Sea" or the "Company")

Appointment of Director

The Company is pleased to announce the appointment of Yordan Naydenov as a Non-executive Director of the Company with immediate effect.

Yordan Naydenov - Non-Executive Director

Yordan Naydenov Naydenov, aged 45, is a resident of the Republic of Bulgaria and is a fully qualified Bulgarian lawyer with more than 17 years of experience. He is a partner with the law firm Boyanov & Co, Sofia, where he is head of the Corporate and the M&A practice group.

His areas of speciality include corporate law, financial markets, mergers and acquisitions and bankruptcy. Mr. Naydenov has provided services to, and has previously represented clients on the boards of, various Bulgarian companies. In addition, Mr Naydenov has advised on real estate related transactions throughout his career.

The activities of Mr. Naydenov are regulated by the Sofia Bar Association.

There are no further details required to be disclosed pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules for Companies.

For further information please contact:

The Black Sea Property Fund Limited

   Alex Borrelli, Chairman                                                 Tel: +44 7747 020600 
   Cairn Financial Advisers LLP                                   Tel: +44 20 7148 7900

Nominated Adviser

Sandy Jamieson

   Peterhouse Corporate Finance Limited                    Tel: + 44 20 7469 0930

Sole broker

Charles Goodfellow, Heena Karani

This information is provided by RNS

The company news service from the London Stock Exchange

END

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