Result of AGM

RNS Number:9915L
Bulgarian Property DevelopmentsPLC
13 November 2006



                     FOR IMMEDIATE RELEASE 13 NOVEMBER 2006



                  Bulgarian Property Developments plc ("BPD")


                    Result of Annual General Meeting ("AGM")


At the AGM of BPD held earlier today all resolutions proposed were duly passed.
Resolutions 7 & 8 were withdrawn.

Enquiries:

Bulgarian Property Developments
Ivo Hesmondhalgh (Joint Chief Executive)                  [phone]

Bulgarian Property Developments
Philip Pashov (Joint Chief Executive)                     [phone]

Cubitt Consulting
Brian Coleman-Smith / Nia Thomas / Allison Reid           [phone]

Notes to Editor:

Bulgarian Property Developments:

Bulgarian Property Developments floated on AIM in January 2005, raising #4.2
million net. A further #32.9 million net was raised in January 2006. The Company
is primarily focused on commercial property development and, in particular,
building distribution centres, retail parks and offices in Bulgaria as opposed
to residential.


A strong management team with cultural knowledge and connections in Bulgaria has
been recruited and the Company currently has ongoing developments in Sofia,
Varna, Plovdiv and Pleven.


Background on the Bulgaria and the Property Market:


Bulgaria is in a transitional period, moving from a command to a market economy.
Bulgaria is joining the European Union in 2007, which should be favourable for
the Bulgarian property market. Bulgaria joined NATO in 2004. The Bulgarian
economy is growing strongly and Bulgaria is a politically stable country. It
continues to develop with GDP growth estimated for 2005 of 5.4%. The Lev has
been pegged to the Deutsche Mark since 1997 and the Euro since the Euros
introduction as Euro 1: Lev 1.9558.




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