TIDMBLD 
 
RNS Number : 0458P 
Bulgarian Land Development PLC 
18 March 2009 
 

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 issuer of                       | BULGARIAN LAND DEVELOPMENT PLC     | 
| existing shares to which voting rights are attached:                        |                                    | 
+-----------------------------------------------------------------------------+------------------------------------+ 
| 2. Reason for notification (yes/no)                                                                              | 
+------------------------------------------------------------------------------------------------------------------+ 
| 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               |                 Thames River Capital LLP                    | 
| notification obligation:                           |                                                             | 
+----------------------------------------------------+-------------------------------------------------------------+ 
| 4. Full name of shareholder(s) (if                 | TR Property Investment Trust plc - Sigma                    | 
| different from 3):                                 | TR Property Investment Trust plc - Ordinary                 | 
+----------------------------------------------------+-------------------------------------------------------------+ 
| 5. Date of transaction (and date on                |                      12 March 2009                          | 
| which the threshold is crossed or                  |                                                             | 
| reached if different):                             |                                                             | 
+----------------------------------------------------+-------------------------------------------------------------+ 
| 6. Date on which issuer notified:                  |                      13 March 2009                          | 
+----------------------------------------------------+-------------------------------------------------------------+ 
| 7. Threshold(s) that is/are crossed or             |                             5%                              | 
| reached:                                           |                                                             | 
|                                                    |                                                             | 
+----------------------------------------------------+-------------------------------------------------------------+ 
| 8: Notified Details                                                                                              | 
+------------------------------------------------------------------------------------------------------------------+ 
| A: Voting rights attached to shares                                                                              | 
|                                                                                                                  | 
+------------------------------------------------------------------------------------------------------------------+ 
| Class/type   | Situation previous       | Resulting situation after the triggering transaction                   | 
| of shares    | to the triggering        |                                                                        | 
| If possible  | transaction              |                                                                        | 
| use ISIN     |                          |                                                                        | 
| code         |                          |                                                                        | 
+              +--------------------------+------------------------------------------------------------------------+ 
|              | Number of   | Number     | Number of     | Number of voting                  | Percentage of      | 
|              | shares      | of         | shares        | rights                            | voting rights      | 
|              |             | voting     |               |                                   |                    | 
|              |             | rights     |               |                                   |                    | 
+              +             +            +               +-----------------------------------+--------------------+ 
|              |             |            |               | Direct                 | Indirect | Direct  | Indirect | 
+--------------+-------------+------------+---------------+------------------------+----------+---------+----------+ 
|GB00B11PLD04  |  2,050,000  |  2,050,000 | 0             | 0                      |          | None    |          | 
|              |             |            |               |                        |          |         |          | 
+--------------+-------------+------------+----------+----+-------------------+----+----------+----+----+----------+ 
 
 
+---------------+--------------+---------+---------+----------------------+---------------+ 
| B: Financial Instruments                                                                | 
|                                                                                         | 
+-----------------------------------------------------------------------------------------+ 
| Resulting situation after the triggering transaction                                    | 
|                                                                                         | 
+-----------------------------------------------------------------------------------------+ 
| Type of       | Expiration   | Exercise/         | No. of voting        | Percentage of | 
| financial     | date         | conversion        | rights that may      | voting rights | 
| instrument    |              | period/date       | be acquired (if      |               | 
|               |              |                   | the instrument       |               | 
|               |              |                   | exercised/converted) |               | 
+---------------+--------------+-------------------+----------------------+---------------+ 
| N/A           | N/A          | N/A               | N/A                  | N/A           | 
|               |              |                   |                      |               | 
+---------------+--------------+-------------------+----------------------+---------------+ 
| Total (A+B)                                                                             | 
|                                                                                         | 
+-----------------------------------------------------------------------------------------+ 
| Number of voting rights                | Percentage of voting rights                    | 
+----------------------------------------+------------------------------------------------+ 
| 0                                      | NONE                                           | 
|                                        |                                                | 
+---------------+--------------+---------+---------+----------------------+---------------+ 
 
 
+-----------------------------------------------------------------------------+ 
| 9. Chain of controlled undertakings through which the voting rights and /or | 
| the financial instruments are effectively held, if applicable:              | 
+-----------------------------------------------------------------------------+ 
| Thames River Capital LLP as Investment Manager of:*                         | 
| TR Property Investment Trust plc - Sigma*                                   | 
| TR Property Investment Trust plc - Ordinary                                 | 
+-----------------------------------------------------------------------------+ 
 
 
+------------------------------------+-----------------------------------------+ 
| Proxy Voting:                                                                | 
|                                                                              | 
+------------------------------------------------------------------------------+ 
| 10. Name of proxy holder:          | N/A                                     | 
|                                    |                                         | 
+------------------------------------+-----------------------------------------+ 
| 11. Number of voting rights proxy  | N/A                                     | 
| holder will cease to hold:         |                                         | 
|                                    |                                         | 
+------------------------------------+-----------------------------------------+ 
| 12. Date on which proxy holder     | N/A                                     | 
| will cease to hold voting rights:  |                                         | 
|                                    |                                         | 
+------------------------------------+-----------------------------------------+ 
 
 
+------------------------------------+-----------------------------------------+ 
| 13. Additional information:        | N/A                                     | 
|                                    |                                         | 
+------------------------------------+-----------------------------------------+ 
| 14 Contact name:                   | Sarah Marshall, Simcocks Trust Limited  | 
|                                    | (Company Secretary)                     | 
+------------------------------------+-----------------------------------------+ 
| 15. Contact telephone name:        | 01624 689589                            | 
|                                    |                                         | 
+------------------------------------+-----------------------------------------+ 
 
 
For notes on how to complete form TR-1 please see the FSA website. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 HOLJPMLTMMBBMIL 
 

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