THE OTTOMAN FUND LIMITED

For immediate release
02 January 2007

Holdings in Company

The Fund was notified by letter dated 19th December 2006 by GLG Partners LP that, following a recent sale of Ordinary Shares in the Company, GLG Partners LP have now decreased their stake to 32,242,000 Ordinary Shares, representing approximately 21.49% of the issued ordinary share capital of the Fund.

List of Contacts

Development Capital Management     020 7355 7600
Roger Hornett
Tom Pridmore

Buchanan Communications     020 7466 5000
Charles Ryland
Isabel Podda

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