RNS Number:3449E
Bulgarian Property DevelopmentsPLC
24 September 2007


FOR IMMEDIATE RELEASE                                         24 SEPTEMBER 2007


                      BULGARIAN PROPERTY DEVELOPMENTS PLC
                                   ("BPD")
 

TR-1: Notifications 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:

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       Lehman Brothers International (Europe)
notification obligation:                     

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

5. Date of transaction (and date on which                  19/9/07
the threshold is crossed or reached if            
different):

6. Date on which issuer notified:                          21/9/07

7. Threshold(s) that is/are crossed
or reached:                                                   3%

8: Notified Details                                          N/A




A: Voting rights attached to shares
Class/type   Situation previous to the    Resulting situation after the
of shares    triggering transaction       triggering transaction
If possible


use ISIN     Number of    Number of       Number Number of       Percentage of
code         shares       voting rights   of     voting rights   voting rights
                                          shares Direct Indirect Direct Indirect


GB00B058TT05  7,125,000       7,125,000   Below  Below  N/A      Below  N/A
                                          3%     3%              3%



B: Financial Instruments


Resulting situation after the triggering transaction


Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights


    N/A



Total (A+B)


Number of voting rights              Percentage of voting rights


Below 3%                             Below 3%



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


N/A

Proxy Voting:


10. Name of 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:                               Jane Regan

15. Contact telephone name:                    +44 (0)20 7102 2083



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
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