THE OTTOMAN FUND LIMITED

For immediate release
24 August 2011

Resignation of Director

The Directors of the Ottoman Fund Limited (the “Fund”) today announce that
Mr. Angelo Moskov has resigned as a Non Executive Director of the Fund to pursue other business interests. Mr Moskov’s resignation was effective from 11 August 2011.

The Board thanks Mr. Moskov for his contribution to the Fund and wishes him well for the future.

List of Contacts

Singer Capital Markets (Nomad)      0203 205 7500
James Maxwell

Vistra Fund Services Limited      01534 504 700
Company Secretary