THE OTTOMAN FUND LIMITED

For immediate release
25 July 2014

The Ottoman Fund Limited Sale of Bodrum Land

The Ottoman Fund Limited is pleased to announce that it has sold its Bodrum land asset for $28.5 million to Besa Marin Turizm Isletmeleri A.S. The sale price is in excess of the Companyís last published book value for the Bodrum land of $26.7 million as at 28 February 2014.

The Ottoman Fundís Board of Directors expects to announce a return of capital once a capital reduction in the Companyís Turkish subsidiary has been completed. This process is expected to take several months.

Enquiries:

N+1 Singer      020 7496 3000
James Maxwell
Nick Donovan


Company Secretary: Vistra Fund Services Limited      01534 504 700