For immediate release
22 November 2007
Transaction in own shares
The Ottoman Fund Limited (the “Fund”) announces that it has yesterday purchased through Numis Securities Limited 15,235,291 ordinary shares at an average price of 95 pence per share.
The highest price and the lowest price paid for these shares were 95 pence and 95 pence respectively. The purchased shares will all be cancelled.
Following the above purchase, the Fund has a total of 134,764,709 ordinary shares in issue. The number of ordinary shares purchased represented 10.16% of the voting rights attributable to the total ordinary shares in issue prior to such purchases.
For further details please contact:
The Company Secretary 01534 709108
Development Capital Management 020 7355 7600
Buchanan Communications 020 7466 5000
Numis Securities 020 7260 1000