RNS Number:7136H
Bulgarian Property DevelopmentsPLC
24 January 2005


                             For immediate release

                  Bulgarian Property Developments Plc ("BPD")



The Board of BPD announces that it has allotted a further 1,367,720 new ordinary
shares and has applied for these shares to be admitted to trading on the AIM
Market.  Accordingly BPD's issued share capital is now 8,784,294 ordinary
shares.


BPD has been advised that Thomas Grant & Company Nominees Ltd has sold 350,000
ordinary shares in BPD, following which, as at 21 January 2005, their holding
was 530,000 ordinary shares.  Following this transaction and the further
allotment referred to above, the following persons are interested in 3 per cent
or more of BPD's share capital.


                                                No. of Shares         %

Thomas Grant & Company Nominees Ltd               530,000           6.03
Arbitrage Research and Trading Limited            500,000           5.69                               
George Robinson                                   500,000           5.69


24 January 2005


Enquiries
Ivo Hesmondhalgh (Director BPD) - 020 7243 1336
Ken Vere Nicoll (Matrix Corporate Finance) - 020 7925 3388





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