OTM Ottoman

TIDMOTM

RNS Number : 5936B

Ottoman Fund Limited (The)

18 April 2012

the OTTOMAN FUND LIMITED

Update on Asset Sale

Further to the announcements released on 5 April 2011 and 13 January 2012, The Ottoman Fund Limited (the "Company") is pleased to announce the completion of the sale of its entire interest in the Kazikli joint venture for a total consideration of USD$9.5 million in cash. The sale concluded on 18 April 2012.

In accordance with the Company's policy, all excess cash will be returned to shareholders. A further announcement will follow.

Enquiries

Singer Capital Markets

   James Maxwell                                                             020 3205 7500 

Company Secretary

   Vistra Fund Services Limited                                        01534 504700 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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