Holding(s) in Company

    RNS Number : 4625L
  Madara Bulgarian Property Fund
  12 January 2009
   

 TR-1: Notifications of Major Interests in Shares


 1. Identity of the issuer or the underlying issuer
 of existing shares to which voting rights are
 attached:                                             Madara Bulgarian Property Fund Ltd


 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         No
 attached 

 An event changing the breakdown of voting rights                            No

 Other (please specify):_Increase in issued share capital_____________       Yes

 3. Full name of person(s)       F&C Asset Management plc 
 subject to notification
 obligation:

 4. Full name of shareholder(s)  See box 9 below 
 (if different from 3):

 5. Date of transaction (and     19 Nov 2008 (date of admittance of new shares to the Market)
 date on which the threshold is
 crossed or reached if
 different):

 6. Date on which issuer         9 January 2009 (following increase in issued share capital)
 notified:

 7. Threshold(s) that is/are     5, 10, 11, 12, 13, 14, 15 , 16, 17, 18 ,19%
 crossed or reached:

 8: Notified Details
 A: Voting rights attached to shares

 Class/type of shares       Situation previous to the triggering        Resulting situation after the triggering transaction
 If possible use ISIN code  transaction
                            Number of shares      Number of voting      Number of shares  Number of voting        Percentage of voting
                                                  rights                                  rights                  rights

                                                                                          Direct  Indirect        Direct       Indirect
 JE00B1VN4914 ord NPV       0                     7,793,244             7,793,244         -       7,793,244       -            19.98%


 B: Financial Instruments

 Resulting situation after the triggering transaction

 Type of financial instrument  Expiration date  Exercise/ conversion  No. of voting rights  Percentage of voting
                                                period/date           that may be acquired  rights
                                                                      (if the instrument
                                                                      exercised/converted)



 Total (A+B)

 Number of voting rights  Percentage of voting rights
 7,793,244                19.98%


 9. Chain of controlled undertakings through which the voting rights and /or
 the financial instruments are effectively held, if applicable:
 F&C Asset Management plc:
 Client                          No. of voting rights  % of total voting     Registration name 
                                                       rights
 F&C Inv Funds ICVC I I UK       2,000,000             5.13                  Chase Nominees Limited 
 Dynamic Fund
 F&C Inv Funds ICVC I I UK       97,748                0.25                  To be registered in name of:
 Dynamic Fund                    (stock awaited from                         Chase Nominees Limited 
                                 Open Offer Nov 08)
 FPLP With Profit, With Profit   2,000,000             5.13                  Citifriends Nominees Limited
 Business Fund
 FPLP With Profit, With Profit   3,500,000             8.97                  HSBC GS Nominees Limited
 Business Fund
 FPLP With Profit, With Profit   195,496               0.50                  To be registered in name of:
 Business Fund                   (stock awaited from                         HSBC GS Nominees Limited 
                                 Open Offer Nov 08)


 Proxy Voting:

 10. Name of proxy holder:                            F&C Asset Management plc

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

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


 13. Additional information:

 14 Contact name:             Mike Bassi, F&C Asset Management plc 

 15. Contact telephone name:  0131 718 1093



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