Result of EGM

RNS Number:9889W
Bulgarian Property DevelopmentsPLC
16 January 2006

Bulgarian Property Developments PLC (the "Company")



Results of the Extraordinary General Meeting and Placing of new Ordinary Shares



Further to the announcement on 20 December 2005, the Company is pleased to
announce that at the Extraordinary General Meeting held today all resolutions
put to the meeting were duly passed.



The Company confirms that it has raised #35 million (before expenses) through
the placing of 63,636,363 new Ordinary Shares at 55p per share. The issued share
capital of the Company following the Placing now comprises 72,540,657 Ordinary
Shares.



Trading in the new Ordinary Shares will commence on 17 January 2006.



Enquiries:

Stephen Mischler                         020 7925 3300
Matrix Corporate Finance

James King                               020 7598 5368
Fairfax I.S. Limited

Ivo Hesmondhalgh                         020 7243 1336
Bulgarian Property Developments




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