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Bulgarian Property (BPD)

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Friday 18 May, 2007

Bulgarian Property

Notifiable Interest

Bulgarian Property DevelopmentsPLC
18 May 2007

                                        
                  BULGARIAN PROPERTY DEVELOPMENTS PLC ("BPD")

                                   18 May 2007


In accordance with the Disclosure and Transparency Rules (DTR) 5, we have
received a notification dated 9 May 2007 from QVT Financial LLP, stating that on
4 May 2007 their notifiable interest in the ordinary shares of BPD was reduced
from 3,636,363 to 2,836,363, which represents 3.91% of BPD's issued share
capital.



C R Delacombe

Company Secretary



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