DPD Dev Prop

RNS Number:7830Q
DEV Property Development PLC
06 February 2007


                          Dev Property Development plc


         Disclosure of Interest in Shares by Montpelier Investments LP


6 February, 2007


Dev Property Development plc (the "Company") announces that it received
notification today in a letter dated 1 February 2007 that pursuant to Section
174 of the Company's Articles of Association, Montpelier Investments LP has a
notifiable interest in 10,160,000 shares of the Company, representing 7.4% of
the Company's issued share capital.


END




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