BPD Bulgarian Prop.

RNS Number:7639X
Bulgarian Property DevelopmentsPLC
05 June 2007


TR-1(i): notification of major interests in shares

1. Identity of the issuer or the underlying        Bulgarian Property Development
issuer of existing shares to which voting              
rights are attached(1):



2. Reason for the notification (place an x inside the appropriate bracket/s)

An acquisition or disposal of voting rights:  (X)

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 the       Lehman Brothers International (Europe)
notification obligation(1):                        

4. Full name of shareholder(s) (if different                    N/A
from 3.)(1):          

5. Date of the transaction (and date on which                 22/05/07
the threshold is crossed or reached if               
different)(1):

6. Date on which issuer notified:                             24/05/07

7. Threshold(s) that is/are crossed
or reached:                                                    4%

8. Notified details:                                           N/A



A: Voting rights attached to shares
Class/type   Situation         Resulting situation after the triggering
of shares    previous to the   transaction(1)
             Triggering
             transaction(1)
if possible
using the    Number Number of  Number of    Number of voting      % of voting
ISIN CODE    of     Voting     shares       rights ix             rights
             Shares Rights     Direct       Direct x     Indirect Direct  Indirect
                    viii                                 xi

GB00B058TT05 Below  Below 3%    3,175,000    3,175,000   N/A       4.37%  N/A
             3%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of     Expiration Exercise/       Number of voting rights that may  % of
financial   date xiii  Conversion      be acquired if the instrument is  voting
instrument             Period/ Date    exercised/ converted.             rights
                       xiv
    N/A

Total (A+B)
Number of voting rights                      % of voting rights

3,175,000                                    4.37%


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

N/A

Proxy Voting:

10. Name of the 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 number:                   +44 (0)20 7102 1832


(i) This form is to be sent to the issuer or underlying issuer and to be filed
with the competent authority.



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

END
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