Major Interest In Shares

RNS Number:9698P
Bulgarian Property DevelopmentsPLC
12 March 2008

FOR IMMEDIATE RELEASE                                             12 MARCH 2008

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying       Bulgarian Property Developments
issuer of existing shares to which voting rights  Plc
are attached:                                     

2. Reason for notification (yes/no)
                                                                       
An acquisition or disposal of voting rights                             yes
                              
An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are        
attached

An event changing the breakdown of voting rights
                                 
Other (please specify):______________
                                 
3. Full name of person(s) subject to           Henderson Global Investors Ltd
notification obligation:                          

4. Full name of shareholder(s) (if
different from 3):                                         

5. Date of transaction (and date on which               07 March 2008
the threshold is crossed or reached if            
different):

6. Date on which issuer notified:                       10 March 2008
                       
7. Threshold(s) that is/are crossed or
reached:                                                    7% 6%
                        
8. Notified details:
                          

A: Voting rights attached to shares
Class/   Situation previous to the Resulting situation after the triggering transaction
type of  triggering transaction
shares
If
possible Number of    Number of    Number of    Number of voting      Percentage of
use ISIN shares       voting       shares       rights                voting rights
code                  rights       Direct       Direct       Indirect Direct    Indirect
ORD GBP  8,175,000    8,175,000    7,175,000    7,175,000             6.7186
0.25

B: Financial Instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights



Total (A+B)
Number of voting rights              Percentage of voting rights
7,175,000                                      6.7077



9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:


Proxy Voting:
10. Name of proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:
14 Contact name:                                      Vina Patel
15. Contact telephone name:                           020 7818 6439


For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in shares



A: Identity of the persons or legal entity subject to the notification obligation
Full name
(including legal form of legal entities)
Contact address
(registered office for legal entities)
Phone number & email
Other useful information
(at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name
Contact address
Phone number & email
Other useful information
(e.g. functional relationship with the person or legal entity subject to the
notification obligation)

C: Additional information




Enquiries


Bulgarian Property Developments

Ivo Hesmondhalgh (Joint Chief Executive)                     [phone]


Matrix Corporate Capital LLP (Nominated Adviser)

Ken Vere Nicoll                                              [phone]


Fairfax I.S. PLC (Broker)

Simon Stevens                                               [phone]


Cubitt Consulting

Brian Coleman-Smith                                         [phone]

James Verstringhe



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

END
HOLFKBKDABKDDND