OTM Ottoman

RNS Number:8598G
Ottoman Fund Limited (The)
01 November 2007




For immediate release                                           01 November 2007



                            The Ottoman Fund Limited

                         Conclusion of Strategic Review


On 30th August 2007 The Ottoman Fund Limited (the "Company") announced a
Strategic Review. The Board of the Company, having been advised by Fenchurch
Advisory Partners and Numis Securities, has considered a range of options.

The Strategic Review concluded that a portfolio of considerable value has been
assembled by the Manager but the value of this portfolio is not reflected in the
Company's share price.

The Board has therefore determined that:

 1. The portfolio of the Company be progressively realised in a managed way over
    the next 18- 24 months so as to maximise the portfolio's value potential and
    shareholder returns. It is intended to return sale proceeds to shareholders;
    and
 2. A share buy back scheme be implemented to return US$30m cash to shareholders,
    which will be initiated shortly after the announcement of the Company's
    results in mid November



For further details please contact:-

The Company Secretary

Jeremy Hamon
01534 709108


Development Capital Management

Roger Hornett
Tom Pridmore
Andrew Mitchell
020 7355 7600


Buchanan Communications

Charles Ryland
Isabel Podda
020 7466 5000


Fenchurch Advisory Partners

Richard Locke
Rony Lam
020 7382 2220


Numis Securities

Bruce Garrow
Nick Westlake
020 7260 1000






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

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