24th Jan 2008 17:16
Ottoman Fund Limited (The)24 January 2008 For immediate release 24 January 2008 The Ottoman Fund Limited Valuation as at 30 November 2007 The Board of The Ottoman Fund Limited (the "Fund") presents its quarterlyvaluation for the period ended 30 November 2007. The Fund invests in thedevelopment of local housing and holiday homes in the major cities and coastalresorts of Turkey. At 30 November At 31 August 2007 2007 Net assets £123,020,720 £137,386,660Net asset value per share 91.3p 91.6p Net assets (fair value basis) £133,236,937 £147,602,877Net asset value per share (fair value 98.9p 98.4pbasis) The net asset value (fair value basis) is based upon the independent valuationof the property portfolio at 31 August 2007. Below is set out the revaluation of the Fund's assets that is not reflected onthe balance sheet under IFRS. Net assets as at 30 November 2007 £123,020,720 Increase in valuation of inventory properties £10,216,217 Net assets (fair value basis) £133,236,937 Number of ordinary shares in issue 134,764,709 Net asset value per share as at 30 November 2007 (fair value basis) 98.9p The Fund is managed by Development Capital Management (Jersey) Limited. List of Contacts Development Capital Management 020 7355 7600Tom PridmoreAndrew MitchellRoger Hornett Buchanan Communications 020 7466 5000Charles RylandIsabel Podda Numis Securities 020 7260 1000Bruce GarrowNick Westlake This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Ottoman Fund