Net Asset Value(s)

RNS Number:7168V
Bulgarian Property DevelopmentsPLC
30 April 2007

                      Bulgarian Property Developments plc

                         Valuation of further property


The Directors included in the Company's Interim Statement which was released on
22nd March 2007, the details of the valuations of the Company's properties which
Colliers International had carried out.



Colliers have subsequently undertaken a valuation of the Sofia Commercial Centre
which the Company acquired on 1st February 2007 for Euro24,836,000.  Colliers has
valued the site as at 16 April 2007 at Euro29,389,000 and the revaluation surplus
produced by this valuation would be equivalent to 4.3p per share.



All the Groups properties are held as trading assets and in accordance with the
Group's accounting policies, such assets are not re-valued in its accounts.
Adjusting for the revaluation surplus mentioned in the Interim Statement of 6.9p
per share and the revaluation surplus in respect of the Sofia Commercial Centre
of 4.3p per share, the Group's net asset value per share as at 31 December 2006
would have been equivalent to 61.3p per share.



Enquiries



Ivo Hesmondhalgh                                             020 7243 1336
Bulgarian Property Developments plc

Ken Vere Nicoll                                              020 7925 3393
Matrix Corporate Capital Limited

James King                                                   020 7460 4373
Fairfax I.S.





30 April 2007




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