MBF Madara

    RNS Number : 0886A
  Madara Bulgarian Property Fund
  29 July 2008
   


    Madara Bulgarian Property Fund Ltd

    29 July 2008

    Result of Annual General Meeting

    Madara Bulgarian Property Fund Ltd, which specialises in high-end developments in Bulgaria, announces that at its Annual General Meeting
held yesterday, all resolution proposed were duly passed.


    For further information:

    Scott Perkins    Madara Capital LLP        +44 (0) 20 7534 3338
    Chief Executive

    Tom Griffiths    Arbuthnot Securities Ltd    +44 (0) 20 7012 2000
    Paul Vanstone


    Notes to editors


    Madara Bulgarian Property Fund Ltd

    Madara Bulgarian Property Fund Ltd is a Jersey incorporated, limited liability, closed ended investment fund established in April 2006
to invest in Bulgarian land and its development and listed on AIM in June 2007. The Fund has special purpose subsidiary companies in
Bulgaria held via a Maltese holding company to ensure an optimally tax-efficient structure. As well as holiday accommodation in coastal and
ski resorts and city locations, the Fund's projects are expected to include commercial property and infrastructure.

        
    Madara Capital LLP

    Madara Capital LLP, the Investment Adviser to the Madara Bulgarian Property Fund, is a privately owned LLP registered in the UK. Madara
Capital is owned by its founding directors, by RAB Special Situations (Master) Fund Limited and by Eddie Jordan. Madara Capital's four
executive principals comprise both UK and Bulgarian resident nationals who collectively have over 35 years real estate related experience in
Bulgaria. There are three non-executive principals, all of whom are Bulgarian nationals and residents and who act in an advisory capacity to
Madara Capital.


    www.madaracapital.com



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