BPD Bulgarian Prop.

RNS Number:0841Z
Bulgarian Property DevelopmentsPLC
27 June 2007


FOR RELEASE                         7.00AM                         27 JUNE 2007


                       BULGARIAN PROPERTY DEVELOPMENTS PLC
                                    ("BPD")

(BPD is primarily focused on the development of commercial property and
in particular building pre-let warehousing, distribution centres and offices)

          BPD acquires 50% stake in proposed shopping centre in Vidin

Bulgarian Property Developments PLC is pleased to announce that it has purchased
a 50% stake in the proposed development of a shopping centre in Vidin, north
west Bulgaria from Fairplay International for Euros 1,555,000. The shopping
centre will be developed in partnership with Fairplay International (one of the
largest property investors and developers in Bulgaria) who retain the other 50%
of the project. The size of the site is just under 12,000 square metres and is
located close to the centre of Vidin.

Vidin is a regional hub for this part of Bulgaria. BPD believes that the
prosperity of the town will be enhanced by the construction of a new bridge
across the Danube adjacent to Vidin, which will make Vidin one of the main entry
points for traffic coming from the rest of Europe to Bulgaria.

Demolition of existing buildings on the site has already commenced. It is
anticipated that the centre will be constructed and let by the end of 2008/early
2009.

Enquiries:

Bulgarian Property Developments

Ivo Hesmondhalgh (Joint Chief Executive)              +44 (0) 20 7243 1336


Bulgarian Property Developments

Philip Pashov (Joint Chief Executive)                 +359 (0) 963 13 59


Cubitt Consulting

Brian Coleman-Smith / James Versinghe                 +44 (0) 20 7367 5100


Matrix Corporate Capital Limited

Ken Vere Nicoll                                       +44 (0) 20 7925 3393


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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