For immediate release
16 May 2014

The Ottoman Fund Limited Sale of Riva Land

The Ottoman Fund Limited has sold the remainder of its Riva land for $101 per m² or a total of $32,210,482.67 plus VAT to Danis Tourism and Construction A.Ş Levent Selamoglu. The sale price approximates the Company’s last published book value for Riva. Taxes will be payable on the profits from the sale, which primarily result from currency gains.

The Ottoman Fund’s Board of Directors expects to announce a return of capital once a capital reduction in Turkey has been completed.


N+1 Singer      020 7496 3000
James Maxwell
Nick Donovan

Company Secretary: Vistra Fund Services Limited      01534 504 700