BPD Bulgarian Prop.

RNS Number:2913E
Fairfax I.S. PLC
21 September 2007


                                    FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
                        (Rule 8.3 of the Takeover Code)



1. KEY INFORMATION

Name of person dealing (Note 1)                           Fairfax IS PLC

Company dealt in                                          Bulgarian Property
                                                          Development

Class of relevant security to which the dealings being    Equity
disclosed relate (Note 2)

Date of dealing                                           20 September 2007




2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE


(a) Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                                     Long             Short
                                              Number (%)         Number (%)
(1) Relevant securities                       472231 0.44
(2) Derivatives (other than options)          -      -
(3) Options and agreements to
purchase/sell                                 1272727 1.19
                                      Total   1744958 1.63


(b) Interests and short positions in relevant securities of the company, other
than the class dealt in (Note 3)

           Class of relevant security:                  Long          Short
                                                   Number (%)     Number (%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
                                           Total


(c) Rights to subscribe (Note 3)

Class of relevant security:                                   Details





3. DEALINGS (Note 4)


(a) Purchases and sales

Purchase/sale    Number of securities          Price per unit (Note 5)
Purchase         150000                        0.6375



(b) Derivatives transactions (other than options)

Product      Long/short    Number of securities  Price per unit 
name,        (Note 6)      (Note 7)              (Note 5)
e.g. CFD





(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Product Writing,       Number of          Exercise Type, e.g.  Expiry Option
name,   selling,       securities to      price    American,   date   money
        purchasing,    which the option            European           paid/
        varying etc.   relates (Note 7)            etc.               received
e.g.                                                                  per unit
call                                                                  (Note 5)
option                                                                
                                                                     




(ii) Exercising

Product name, e.g. call       Number of           Exercise price per unit 
option                        securities          (Note 5)



(d) Other dealings (including new securities) (Note 4)

Nature of transaction (Note 8)  Details  Price per unit (if applicable) (Note 5)






4. OTHER INFORMATION


Agreements, arrangements or understandings relating to options or derivatives



Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced. If none, this should be
stated.




Is a Supplemental Form 8 attached? (Note 9) YES/NO



Date of disclosure                                             21 September 2007

Contact name                                                   Peter Logan

Telephone number                                               020 7598 4051

If a connected EFM, name of offeree/offeror with which         N / A
connected

If a connected EFM, state nature of connection (Note 10)       N / A




Notes


The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk






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

END
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