RNS Number:4733T
Bulgarian Property DevelopmentsPLC
22 March 2007


BULGARIAN PROPERTY DEVELOPMENTS PLC ("BPD")


22 March 2007


In accordance with the Disclosure and Transparency Rules (DTR) 5, BPD has
received a notification dated 16 March 2007 from New Star Asset Management, 
1 Knightsbridge Green, London SW1X 7NE stating that on that date they held a
notifiable interest of 9,003,182 ordinary shares of BPD, which represents 12.41%
of BPD's issued share capital.

The holding is stated to be held in entirety as investment manager acting on
behalf of discretionary clients.



C R Delacombe
Company Secretary



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

END
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