FairPlay Properties is paying BGN 7.3 mln. dividend

Sofia, November 30, 2009
   On November 27, 2009 FairPlay Properties has started paying dividend for 2008 amounting to BGN 7.3 mln or BGN 0,13 gross dividend per share. The decision for distribution of cash dividends was taken on the General meeting of the shareholders, held on March 25, 2009.
   "Dividends will be transfered in two payments – the first payment of BGN 6.141mln. was made on November 2, and the second – will be paid in December,” explained Manu Moravenov, CEO of FairPlay Properties REIT.
Since early 2009, the Company has concluded new agreements for sale of apartments for amouts over BGN 27 mln. The Company completed a further deal for selling the construction right at the value of BGN 4.4 mln in the last day of 3Q of the year.
   FairPlay Properties REIT is the biggest Company for securitization of real estate without agricultural land in view of assets (according the statistics provided by the Financial Supervision Commission for the second quarter of 2009).
   FairPlay Properties REIT is listed on the Bulgarian Stock Exchange – Sofia on 17 February 2006. Its main shareholder is “FairPlay International” JSC with 66, 9 % share. The rest of the shareholders are institutional investors (10 Pension funds, 20 Mutual funds and Investment companies) and over 330 legal and physical entities, retail investors.
   The Company is a winner of several prestigious awards –  “The Best Corporate Governance of REITs 2006” from the Investor‘s Association, “Best IR Webpage” from the Association of the Investor Relations Directors in Bulgaria.
   In the end of June, the project of the company “Santa Marina”, Sozopol received the award “Best Sea Project” from the international competition “Best Project 2009”, organized by the company “Euro Design” EOOD and BEST Corporation in the frame of the “Year of Bulgaria in Russia”. This is the subsequent recognition for the holiday village after the prize “Holiday Complex of the Year” from the competition “Building of the Year 2006” and the distinction for its internet webpage “Best site in the category Real Estate” from the international web festival Albena 2008.

   The CEO of the Company, Manu Moravenov is one of the authors of the National Codex for Corporate Governance and a member of the Bulgarian National Commission for Corporate Governance.

More information:

Snezhana Yotinska
Investor Relations Director
Tel.: 81 99 121
e-mail: s.yotinska@fpp.bg

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