RNS Number:1870Z
Off-Plan Fund Limited (The)
02 March 2006


The Off-plan Fund Limited                                          2 March 2005                    





                              For immediate release
                                        
                            The Off-plan Fund Limited
                                        
                        Valuation as at 31 December 2005
                                        

The Board of The Off-plan Fund Limited (the "Fund"), which specialises in
providing forward finance to UK housebuilders, is pleased to announce its first
quarter valuation following a successful listing on AIM.


   *Using Red Book* valuations for the underlying properties, the estimated
    net asset value for the Fund is #8.6m (93.1p per share) as at 31 December
    2005.


   *The net asset value of the Fund prepared under historical cost convention
    as at that date is #7.9m (85.4p per share).



* The Red Book is the Asset Valuation Practice and Guidance Notes of the Royal
Institute of Chartered Surveyors and is the industry standard method for valuing
investment properties. The valuation was prepared by Colliers CRE as at 30
September 2005, the date of the last financial statements.



List of Contacts

Development Capital Management
Roger Hornett
Rupert Phillips
020 7399 4270

Numis Securities
Emma Primarolo
Charles Farquhar
020 7776 1500

Buchanan Communications
Charles Ryland
Isabel Podda
020 7466 5000








                      This information is provided by RNS
            The company news service from the London Stock Exchange

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