THE OTTOMAN FUND LIMITED

For immediate release
25 September 2007

Notice of requisition of an EGM

The Ottoman Fund Limited (the “Company”) announces that it has received a requisition notice from Vidacos Nominees Limited on behalf of QVT Fund LP to convene, by 12 October an extraordinary general meeting to appoint John Chapman as a director of the Company.

The Board of the Company has asked to meet John Chapman in the near future.

A further announcement will be made in due course.

List of contacts

Company     01534 709100
Jeremy Hamon (Secretary)

Development Capital Management      020 7355 7600
Roger Hornett
Tom Pridmore

Buchanan Communications      020 7466 5000
Charles Ryland
Isabel Podda

Numis Securities     020 7260 1000
Bruce Garrow
Nick Westlake

Fenchurch Advisory Partners Limited
Richard Locke