Statement re Share Price Movement

COMPANY ANNOUNCEMENT

FOR IMMEDIATE RELEASE 5 December 2011

SOFIA PROPERTY FUND LIMITED

(the "Company")

Company Registration Number: 43191

Statement re share price movement

The Board has noted the movement in the Company's share price. Whilst the Company is low on cash, it has a number of viable options before it. These include further loans, asset disposals or other transactions which would enable the Company to continue its business. The Directors are confident that they will be able to make a further announcement during the coming months on one of these options.

Enquiries:

Ardel Fund Services Limited, Company Secretary

Lyn Le Prevost/Sharon Williams

Phone: +44 1481 723573

Fax: +44 1481 732131