DPD Dev Prop

RNS Number:7267Q
DEV Property Development PLC
05 February 2007


                          Dev Property Development plc


              Disclosure of Interest in Shares by Farallon Capital
                                Management L.L.C


5 February, 2007


Dev Property Development plc (the "Company") announces that it received
notification today in a letter dated 2 February 2007 that pursuant to Section
174 of the Company's Articles of Association, Farallon Capital Management L.L.C
has a notifiable interest in 27,460,000 shares of the Company, representing
19.90% of the Company's issued share capital.


END




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