THE OTTOMAN FUND LIMITED The Ottoman Fund Limited (the "Fund")
For immediate release
25 July 2014
The Ottoman Fund Limited is pleased to announce that it has sold its Bodrum land asset for $28.5 million to Besa Marin Turizm Isletmeleri A.S. The sale price is in excess of the Company's last published book value for the Bodrum land of $26.7 million as at 28 February 2014.
The Ottoman Fund's Board of Directors expects to announce a return of capital once a capital reduction in the Company's Turkish subsidiary has been completed. This process is expected to take several months.
Enquiries:
N+1 Singer 020 7496 3000
James Maxwell
Nick Donovan
Company Secretary: Vistra Fund Services Limited 01534 504 700
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