19th Mar 2008 14:11
Black Sea Property Fund Limited19 March 2008 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing Black Sea Property Fundshares to which voting rights are attached: 2. Reason for the notification (please tick the appropriate box or boxes) 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 the notification BlackRock, Inc.obligation: 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction (and date on which the threshold is 17th March 2008crossed or reached if different): 6. Date on which issuer notified: 18th March 2008 7. Threshold(s) that is/are crossed or reached: Gone below 20% 8. Notified details: A: Voting rights attached to sharesClass/type of Situation previous to the Resulting situation after the triggering transactionshares Triggering transaction Number of Number of Number of Number of voting rights % of voting rights if possible using Shares Voting sharesthe ISIN CODE Rights Direct Direct Indirect Direct Indirect GB00B068H734 51,148,760 51,148,760 N/A N/A 49,898,760 N/A 19.90% B: Financial InstrumentsResulting situation after the triggering transactionType of financial Expiration date Exercise/ Conversion Number of voting rights % of votinginstrument Period/ Date that may be acquired if rights the instrument is exercised/ converted. Total (A+B)Number of voting rights % of voting rights 49,898,760 19.90% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectivelyheld, if applicable: BlackRock Investment Management (UK) Limited - 49,898,760 (19.90%) Proxy Voting:10. Name of the 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:15. Contact telephone number: ANNEX NOTIFICATION OF MAJOR INTERESTS IN SHARESA: Identity of the person or legal entity subject to the notification obligationFull name (including legal form for legal entities) BlackRock, IncContact address (registered office for legal entities) 33 King William Street, London, EC4R 9ASPhone number 0131 472 7472Other useful information (at least legal representative Louise Lylefor legal persons) B: Identity of the notifier, if applicableFull nameContact addressPhone numberOther useful information (e.g. functional relationshipwith the person or legal entity subject to thenotification obligation) C: Additional information This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BKSA.L