Ottoman Fund Limited (The) Company Update (6606E)

TIDMOTM

RNS Number : 6606E

Ottoman Fund Limited (The)

11 February 2015

The Ottoman Fund Limited ("the Company")

11 February 2014

The Ottoman Fund Limited announces that BDO LLP has completed its forensic review of the books and records of the Company's Turkish subsidiaries and has determined that the Company's former Chief Financial Officer in Turkey has removed from the Company's Turkish subsidiaries the net amount in Turkish Lira equivalent to US$1.35 million as of 10 February 2015 exchange rates. The Company has retained White & Case's affiliated local law firm in Istanbul as well as a Turkish criminal attorney to obtain civil and criminal redress against the former Chief Financial Officer. The Company has also brought suit against him in the Royal Court of Jersey and has obtained a worldwide freezing order and a default judgment. The Company will make further announcements in due course.

Enquiries

N+1 Singer +44 (0)20 7496 3000

James Maxwell / Ben Griffiths

Company Secretary +44 (0)1534 504 700

Vistra Fund Services Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

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