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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


                                   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

C R Delacombe

Company Secretary

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