THE OTTOMAN FUND LIMITED

For immediate release
23 November 2007

Notification of major interests in shares

 

  1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
    The Ottoman Fund Limited
  2. Reason for the notification (please tick the appropriate box or boxes):
    An acquisition or disposal of voting rights
  3. Full name of person(s) subject to the notification obligation:
    GLG Partners LP
  4. 4. Full name of shareholder(s) (if different from 3.)
    n/a
  5. Date of the transaction and date on which the threshold is crossed or reached:
    November 21, 2007
  6. Date on which issuer notified:
    November 22, 2007
  7. Threshold(s) that is/are crossed or reached:
    <20%, <19%
  8. Notified details:
    18.67%

    A: Voting rights attached to shares

    Class/type of shares
    if possible using the ISIN CODE
    Situation previous to the Triggering transaction Resulting situation after the triggering transaction
    Number of Shares Number of Voting Rights Number of shares Number of voting rights % of voting rights
    Direct Direct Indirect Direct Indirect
    Ordinary Shares
    GB00B0PJ6V42
    31,200,623 31,200,623 28,000,000 28,000,000   18.67%  

    B: Financial Instruments

    Resulting situation after the triggering transaction
    Type of financial instrument Expiration date Exercise/ Conversion
    Period/Date
    Number of voting rights that may be acquired if the instrument is exercised/ converted. % of voting rights
    n/a n/a n/a n/a n/a

    Total (A+B)

    Number of voting rights % of voting rights
    28,000,000 18.67%
  9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable
    n/a

    Proxy Voting:

  10. Name of the proxy holder:
    n/a
  11. Number of voting rights proxy holder will cease to hold:
    n/a
  12. Date on which proxy holder will cease to hold voting rights:
    n/a
     

For further information:

The Company Secretary      01534 709108
Jeremy Hamon

Development Capital Management      020 7355 7600
Roger Hornett
Tom Pridmore
Andrew Mitchell

Buchanan Communications      020 7466 5000
Charles Ryland
Isabel Podda

Numis Securities      020 7260 1000
Bruce Garrow
Nick Westlake