RNS Number:4758E
Bulgarian Property DevelopmentsPLC
25 September 2007



FOR IMMEDIATE RELEASE                                         25 SEPTEMBER 2007

                      BULGARIAN PROPERTY DEVELOPMENTS PLC
                                    ("BPD")


TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are                
attached:

2. Reason for notification (yes/no)

                                                                         
An acquisition or disposal of voting rights                              Yes

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         Deutsche Bank AG
notification obligation:                     


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

5. Date of transaction (and date on which    19/09/2007
the threshold is crossed or reached if       
different):

6. Date on which issuer notified:            20/09/2007

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


8: Notified Details

A: Voting rights attached to shares
           
Class/type Situation previous to Resulting situation after the triggering
of shares  the triggering        transaction
           transaction
If
possible          
use ISIN       
code          Number of   Number of  Number of  Number of voting    Percentage of voting
--------      shares      voting     shares     rights              rights
              --------    rights                                    
                      
                                                Direct   Indirect   Direct     Indirect
                                            

G800B058TT05  3,750,000  3,750,000   Below 3%   Below 3%            Below 3%




B: Financial Instruments

Resulting situation after the triggering transaction

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

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:

                                  
Proxy Voting:
                                                        
10. Name of proxy holder:


11. Number of voting rights proxy holder will cease to hold:                                      


12. Date on which proxy holder will cease to hold voting rights:                                    


13. Additional information:

14 Contact name:                           David Lindsay/Andrew Anderson

15. Contact telephone name:                00 44 207 545 8533/8532




For notes on how to complete form TR-1 please see the FSA website.

Note: Annex should only be submitted to the FSA not the issuer



Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification
obligation

Full name
(including legal form of legal entities)


Contact address
(registered office for legal entities)


Phone number & email
Other useful information
(at least legal representative for legal persons)




B: Identity of the notifier, if applicable

Full name


Contact address


Phone number & email


Other useful information

(e.g. functional relationship with the person or legal entity subject to the
notification obligation)


C: Additional information






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

END
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