Transaction in shares

RNS Number:2668I
Ottoman Fund Limited (The)
22 November 2007


For Immediate Release                                           22 November 2007
                                                                            

                            The Ottoman Fund Limited

                           Transaction in own shares


The Ottoman Fund Limited (the "Fund") announces that it has yesterday purchased
through Numis Securities Limited 15,235,291 ordinary shares at an average price
of 95 pence per share.

The highest price and the lowest price paid for these shares were 95 pence and
95 pence respectively. The purchased shares will all be cancelled.

Following the above purchase, the Fund has a total of 134,764,709 ordinary
shares in issue. The number of ordinary shares purchased represented 10.16% of
the voting rights attributable to the total ordinary shares in issue prior to
such purchases.


For further details please contact:

The Company Secretary                                        01534 709108
Jeremy Hamon

Development Capital Management                               020 7355 7600
Roger Hornett
Tom Pridmore
Andrew Mitchell

Buchanan Communications                                      020 7466 5000
Charles Ryland
Isabel Podda

Numis Securities                                             020 7260 1000
Bruce Garrow
Nick Westlake



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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