BPD Bulgarian Prop.

RNS Number:1717J
Windsorville Investments Ltd.
05 December 2007



  (Not for release, publication or distribution in or into Australia, Canada,
                          Japan or the United States)



For immediate release

5 December 2007



Windsorville Investments Ltd. ("Windsorville")

Bulgarian Property Developments Plc (the "Company")



Update on a possible offer



Following the announcement on 19 September 2007, Windsorville hereby confirms
that any offer, if made, would be in cash at a price of 64p per share. This
possible offer price is final and will not be revised or increased in any
circumstances. Windsorville continues to consider its position. However, there
can be no certainty that any offer will be made.



Further announcements will be made as and when appropriate.



ENQUIRIES

Citi                            020 7986 4000
Ian Hart
Grant Kernaghan




Dealing Disclosure Requirements:

Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, "
interested" (directly or indirectly) in 1% or more of any class of "relevant
securities" of the Company, all "dealings" in any "relevant securities" of that
company (including by means of an option in respect of, or a derivative
referenced to, any such "relevant securities") must be publicly disclosed by no
later than 3.30 pm (London time) on the London business day following the date
of the relevant transaction. This requirement will continue until the date on
which the offer becomes, or is declared, unconditional as to acceptances, lapses
or is otherwise withdrawn or on which the "offer period" otherwise ends. If two
or more persons act together pursuant to an agreement or understanding, whether
formal or informal, to acquire an "interest" in "relevant securities" of the
Company, they will be deemed to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of the Company by the offeror or the Company, or by any of their
respective "associates", must be disclosed by no later than 12.00 noon (London
time) on the London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.


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

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