THE OTTOMAN FUND LIMITED

For immediate release
5 November 2009

Board Changes

The Fund confirms the appointment of Mr Eitan Milgram as a director of the Fund.

Mr Milgram, 30, is executive vice president of Weiss Capital LLC based in Boston USA, he is an experienced portfolio manager and has been a non-executive Director of a number of listed Asian and other closed ended investment Funds. He holds a BA in Economics from Boston University

Save as set out in the notes to this announcement, there is no information specified by paragraph (g) in Schedule Two to the AIM Rules that requires to be disclosed.

Enquiries

Singer Capital Markets     020 3205 7500
Roger Clarke
Jos Trusted

Company Secretary Buchanan Communications      01534 709108
Jeremy Hamon - BNP Paribas Securities Services Fund Administration Limited

Notes:-

Eitan Milgram
Current directorships and partnerships: Indochina Capital Vietnam Holdings Limited.

Previous directorships and partnerships in last 5 years: BFS Income and Growth Trust PLC, Premier UK Dual Return Trust Limited, Morley Absolute Growth Investment Company Limited, Acorn Income Fund Limited, Premier Asian Asset Trust Limited, Investec European Growth & Income Trust Limited and American Investment Trust Limited.

Liquidations: During the last five years the following investment Companies underwent a solvent liquidation whilst Mr Milgram was a Director; BFS Income and Growth Trust PLC (April 2005), Premier UK Dual Return Trust Limited (November 2007), Morley Absolute Growth Investment Company Limited (April 2005), Premier Asian Asset Trust Limited (July 2007), Investec European Growth & Income Trust Limited (Aug 2004) and American Investment Trust Limited (March 2005).