Notification of interests

13th Oct 2009 16:19



13 October 2009

MIRLAND DEVELOPMENT CORPORATION

(the "Company")

Re: Notification of Interests

MirLand Development Corporation plc, one of Russia's leading residential and commercial property developers, announces that it received a notification on 12 October 2009 that, following the disposal by Capital Venture Worldwide Group Ltd. of 694,236 ordinary shares in the capital of the Company effected on 9 October 2009 at a price of £1.80 per share, Capital Venture Worldwide Group Ltd. is the legal owner of 8,139,630 shares in the Company, representing 7.86% of the Company's total voting rights.

For further information, please visit www.mirland-development.com, or contact:

MirLand Development Corporation plc  Roman Rozental [email protected]	+7 499 130 31 09
Financial Dynamics  Dido Laurimore / Rachel Drysdale [email protected] / [email protected]	+44 20 7831 3113

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