RNS Number:9969C
Ottoman Fund Limited (The)
30 August 2007


For immediate release                                          30 August 2007

                            The Ottoman Fund Limited
                                        
                        Announcement of Strategic Review
                                        
                                        

The Ottoman Fund Limited announces a strategic review by independent advisers of
the options available to enhance shareholder value.


The proceeds from the Fund's launch in December 2005 have been fully allocated
to a strong development portfolio, and promising progress has recently been
reported in relation to the development projects at Bodrum, Riva and Kazikli.
The Board does not consider that the Fund's share price properly reflects the
value in the Fund's portfolio.


The Board will make a further announcement in due course.

List of contacts

Company 01534 709100
Jeremy Hamon (Secretary)

Development Capital Management 020 7355 7600
Roger Hornett
Tom Pridmore

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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