THE BLACK SEA PROPERTY FUND LIMITED

For immediate release
30 September 2010

Interim Report and Condensed Consolidated Financial Statements
of the Company for the period ended 30 June 2010

The Black Sea Property Fund Limited is pleased to announce its interim results for the period ended 30 June 2010.

The hard copies of the Financial Statements are being sent to Shareholders and copies can be obtained free of charge from the Company Secretary, IPES (Jersey) Limited, 3rd Floor, South Tower, 29/31 Esplanade, St Helier, Jersey, JE2 3QA.

Download the Interim Report and Condensed Consolidated Financial Statements of the Company for the period ended 30 June 2010 here

Enquiries:

Company Secretary
IPES (Jersey) Limited         01534 712 500
Kenneth Whitney

Nominated Advisor
Singer Capital Markets Limited         020 3205 7500
James Maxwell / Nick Donovan