Statement re. Suspension (2848I)

TIDMOTV

RNS Number : 2848I

Otium Ventures PLC

10 June 2011

For immediate release

Otium Ventures plc ("Otium" or the "Company")

Cancellation of admission to trading on AIM

Otium (AIM: OTV) announces, further to the release of 16 May 2011, that the cancellation of admission to trading on AIM of the ordinary shares of 0.01 of one penny each in the capital of the Company is expected to take effect at 07:00 on 13 June 2011.

The Company is seeking to raise a minimum of GBP3 million and to be admitted to trading on AIM. An update will be provided to Otium's shareholders in due course.

For further information

Otium Paul Seakens Tel: +44 20 3005 9924 Alex Lubin

Allenby Capital Limited (Nominated Adviser and Broker) Tel: +44 20 3328 5656 Nick Athanas Dan Robinson

For more information, please visit www.otiumventures.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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