Statement re Possible Offer

RNS Number:1411E
Windsorville Investments Ltd.
19 September 2007

FOR IMMEDIATE RELEASE



                                                               19 September 2007





(Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan)





                 Windsorville Investments Ltd. ("Windsorville")



              Bulgarian Property Developments Plc (the "Company")



                   Statement in relation to a possible offer



Windsorville notes the recent movement in the share price of the Company.
Windsorville confirms that it is considering a possible offer for the Company.
Pursuant to the Takeover Code, any offer, if made, would be in cash at a price
of not less than 64p per share.  However, there can be no assurance that a
formal offer will be made for the Company.



A further announcement will be made in due course.





Press enquiries:



Citi

James Brent
                                             020 7986 4000


Dealing disclosures requirements

Under the provisions of Rule 8.3 of the Code, if any person is or becomes
"interested" (directly or indirectly) in one per cent. or more of any class of
"relevant securities" of the Company, all "dealings" in any "relevant
securities" of the Company by such person (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 p.m. (London time) on the business
day following the date of the relevant transaction.  This requirement will
continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends.  If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
"interest" in "relevant securities" of the Company, they will be deemed to be a
single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all dealings in "relevant
securities" of the Company, by Winsorville or the Company, or by any of their
respective "associates" (within the meaning of the Code), must be disclosed by
no later than 12.00 noon (London time) on the business day following the date of
the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities.  In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website.

If you are in any doubt as to whether or not you are required to disclose a "
dealing" under Rule 8, please contact an independent financial adviser
authorised under the Financial Services and Markets Act 2000, consult the
Panel's website at www.thetakeoverpanel.org.uk or contact the Panel by telephone
([phone]) or by fax [phone]).




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