RNS Number:2719H
Off-Plan Fund Limited (The)
04 August 2006


For immediate release                                              4 August 2006

                                        
                            The Off-plan Fund Limited


                          Valuation as at 30 June 2006


The Board of The Off-plan Fund Limited (the "Fund"), which specialises in
providing forward finance to UK housebuilders, is pleased to announce the Fund's
quarterly valuation for the period ending 30 June 2006.


   *Using Red Book* valuations for the underlying properties, the estimated
    net asset value for the Fund is #8.8m (95.1p per share) as at 30 June 2006.
    (90.75p as at 31 March)


   *The net asset value of the Fund prepared under historical cost convention
    as at that date is #7.9m (84.6p per share). (85.1p as at 31 March)



* The Red Book is the Asset Valuation Practice and Guidance Notes of the Royal
Institution of Chartered Surveyors and is the industry standard method for
valuing investment properties. The valuations were prepared by Colliers CRE as
at 31 March 2006, the date of the last financial statements and by Dears Brack
as at 27th April 2006 the date the Fund purchased the development at Oldham
Place.



List of Contacts
Development Capital Management
Roger Hornett
Rupert Phillips
020 7399 4270


Numis Securities
Adam Shapton
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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