Holding(s) in Company

Sofia Property Fund Limited (the "Company")

Notification from major shareholder

The Company has received a notification from QVT Financial LP ("QVT") as investment adviser to QVT Fund LP and Quintessence Fund LP ("QVT Funds").

QVT's notification states that as there is no legal obligation or provision in the Company's articles requiring disclosure of shareholdings in the Company, QVT will no longer be disclosing to the Company any changes in the shareholdings of the QVT Funds.

The Company will continue to apply AIM Rule 17, disclosing, to the extent it has such information, relevant changes to the shareholdings of significant shareholders.

For further information contact:

Sofia Property Fund Limited

Charles Burton

Panmure Gordon (UK) Limited

Dominic Morley

Stuart Gledhill

Tel: +44 (0) 20 7459 3600