TR-1: Notification

RNS Number:4792K
Bulgarian Property DevelopmentsPLC
21 December 2007


FOR IMMEDIATE RELEASE                                           21 DECEMBER 2007



                      BULGARIAN PROPERTY DEVELOPMENTS PLC

                                    ("BPD")



Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying          Bulgarian Property 
issuer of existing shares to which voting rights     Developments plc
are attached:                                     
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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       Lehman Brothers International (Europe)
notification obligation:                          
------------------------------------------------
4. Full name of shareholder(s) (if                           N/A
different from 3):                                
-----------------------------------------------
5. Date of transaction (and date on which                 18/12/07
the threshold is crossed or reached if            
different):
----------------------------------------------
6. Date on which issuer notified:                         20/12/07
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7. Threshold(s) that is/are crossed
or reached:                                                   3%
----------------------------------------------                                 
8. Notified details:                                         N/A
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A: Voting rights attached to shares

Class/type   Situation previous to the    Resulting situation after the
of shares    triggering transaction       triggering transaction

If possible
use ISIN     Number of    Number of       Number Number of       Percentage of
code         shares       voting rights   of     voting rights   voting rights
                                          shares
                                          Direct Direct Indirect Direct Indirect

GB00B058TT05  7,125,000       7,125,000   Below  Below  N/A      Below  N/A
                                          3%     3%              3%

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

N/A



Total (A+B)

Number of voting rights              Percentage of voting rights

Below 3%                             Below 3%





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

N/A

Proxy Voting:

10. Name of proxy holder:                                                  N/A

11. Number of voting rights proxy holder will cease to hold:               N/A

12. Date on which proxy holder will cease to hold voting rights:           N/A


13. Additional information:                    N/A

14 Contact name:                               Tara O'Hagan

15. Contact telephone name:                    [phone]


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






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

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