THE BLACK SEA PROPERTY FUND LIMITED

For immediate release
11 June 2015

Result of AGM and Statement re Share Price

The Company announces that, at the Annual General Meeting of the Company held at 10.00 a.m. this morning, all resolutions put to shareholders were duly passed.

The Directors have noted the recent price movement in the Company’s shares. The Directors are not aware of any reason for the price movement

For further information please contact:

The Black Sea Property Fund Limited
Alex Borrelli, Chairman         +44 (0)7747 020600

Cairn Financial Advisers LLP
Nominated Adviser         +44 (0) 207 148 7900
Sandy Jamieson           

Peterhouse Corporate Finance Limited
Sole broker         +44 (0) 207 469 0930
Charles Goodfellow
Heena Karani