THE BLACK SEA PROPERTY FUND LIMITED

For immediate release
3 November 2014

Requisition Request

The board of the Company has received a requisition from Fitel Nominees Limited seeking to requisition an extraordinary general meeting of the Company for the purpose of considering resolutions to remove the entire board other than Antony Gardner-Hillman and to appoint Trevor Hunt and Alexander Borrelli as directors.

The board has established a special committee to consider the requisition and will make a further announcement in due course.

Enquiries:

Company Secretary
SJ Secretaries Limited         +44 (0) 1534 850 750

Nominated Advisor
N+1 Singer Advisory LLP         +44 (0) 207 496 3000
James Maxwell
Gillian Martin