RNS Number : 3555K
  Bulgarian Property DevelopmentsPLC
  18 December 2008
   

    FOR RELEASE            07.00            18 December 2008


    BULGARIAN PROPERTY DEVELOPMENTS PLC
    ("BPD")

    NOTIFIABLE INTERESTS IN THE COMPANY'S SHARES

    BPD was notified on 17th December 2008 that on 17th December Schweco Nominees Limited holds on behalf of Derwent Limited 6,825,000
ordinary shares of 25 pence each representing 6.31% of the issued ordinary share capital of the company.


    Enquiries:

    Bulgarian Property Developments
    Ivo Hesmondhalgh (Joint Chief Executive)            +44 (0) 20 7243 1336
    Philip Pashov (Joint Chief Executive)                   +359 (0) 963 13 59
    Keith Springall (Finance Director)                       +44 (0) 7973177095

    Cubitt Consulting
    Brian Coleman-Smith/James Verstringhe              +44 (0) 20 7367 5100

    Matrix Corporate Capital LLP (Nominated Adviser)
    Stephen Mischler                                            +44 (0) 20 3206 7203

    Background Note:
    Since BPD was incorporated in May 2004 and floated on AIM in January 2005, it has raised a total of �62.22 million in equity. This has
been used to acquire and develop land for commercial property use across Bulgaria, in particular for building distribution centres, retail
centres and offices.

    BPD's portfolio currently includes properties in Sofia, Varna, Plovdiv, Vidin, Ruse, Bansko, Pleven and Sandanski.
    http://www.bpdplc.com 

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