Composition of Board

COMPANY ANNOUNCEMENT

FOR IMMEDIATE RELEASE 3 February2012

SOFIA PROPERTY FUND LIMITED

(the "Company")

Company Registration Number: 43191

COMPOSITION OF THE BOARD

The Board of the Company (AIM: SPFL) is pleased to announce the appointment of Johannes Jacobus Nicolaas Aloisius Gillis as a non-executive Director of the Company with immediate effect.

Mr Gillis, 60, is a director of Business Edge BV and Fill It Sweden AB and was a director of Experian Netherlands BV until March 2010. There are no other details required to be disclosed under paragraph (g) of Schedule 2 of the AIM Rules.

Charles Burton, Chairman, commented "We are delighted that Hans Gillis, who is based in the Netherlands, is joining our Board. He brings a wealth of business and real estate experience."

Enquiries:

Ardel Fund Services Limited, Company Secretary

Lyn Le Prevost/Sharon Williams

Phone: +44 1481 723573

Fax: +44 1481 732131

Panmure Gordon (UK) Limited

Dominic Morley

Phone: +44 207 614 8388