The Ottoman Fund Limited ("The Company")

For immediate release
19 December 2014

The Ottoman Fund Limited ("the Company") has discovered some unauthorised expense payments made from its Turkish subsidiaries. The Company believes such unauthorised expense payments amount to under US$2 million in aggregate. It has appointed forensic accountants to investigate the matter and is consulting advisers to establish whether it can recover any amounts paid.

Enquiries:

N+1 Singer                020 7496 3000
James Maxwell

Company Secretary    01534 504 700
Vistra Fund Services Limited

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