For immediate release
17 August 2007

Compliance with aim rule 26

The Black Sea Property Fund Limited (AIM: BKSA), today announces that the information required by Rule 26 of the AIM Rules for Companies is available on the Company's website www.blackseapropertyfund.com.

Contacts

Development Capital Management     020 7355 7600
Roger Hornett
Andrew Mitchell

Buchanan Communications     020 7466 5000
Charles Ryland
Isabel Podda

Numis Securities Ltd      020 7260 1000
Bruce Garrow
James Keane