Appointment of Director

Off-Plan Fund Limited (The)
02 March 2006


The Off-plan Fund Limited                                          2 March 2006

                                                                   


                                        
                              For immediate release
                                        
                                        
                            The Off-plan Fund Limited
                                        

                          Appointment of new director


The Board of the Off-plan Fund Limited ('Fund') is pleased to announce the
appointment of a new non-executive director, Graham Berry.


Mr Berry has been appointed to replace The Hon. James Ogilvy who, as announced
in the Fund's AIM admission document dated 1 December 2005, had informed the
Board that, due to health considerations, he would step down as a director as
and when a suitable replacement could be found.


Mr Berry (aged 58) has extensive experience of the construction and house
building industry. He formed the Graham Berry Partnership (the Goring Berry
Partnership from 1989), a firm of chartered quantity surveyors, in 1976 from
which he retired in 1998. He was non-executive Chairman of City Loft
Developments Limited from 1996 to 2003 and became a non-executive director of
the CityLoft Group Plc in 2003. He became a Fellow of the Royal Institution of
Chartered Surveyors in 1978.


The Board believe that Mr Berry's 30 years experience and expertise in the
construction industry will prove to be of great benefit to both the Board and
the Fund and wish to welcome him to his new role.


At the same time it is with regret that the Board announces the retirement of
Jamie Ogilvy due to health considerations. Following an illustrious 44 year
career in the City of London, Mr Ogilvy was instrumental in supporting the
Fund's manager, Development Capital Management (Jersey) Limited, in the
establishment and launch of the Fund in 2003 and has continued to play an active
role in the Fund. The Board and the manager wish to record their gratitude for
all that Mr Ogilvy has done on behalf of the Fund since its launch and wish him
well in his retirement.



Contacts


Development Capital Management

Roger Hornett, Andrew Gardiner

020 7399 4270


Numis Securities

Charles Farquhar

020 7776 1500



Regulatory information


In accordance with Schedule 2(g) of the AIM Rules, the following information is
provided with regards to Mr Berry:


1. Mr Berry is aged 58.

2. Mr Berry owns no shares in the Company.

3. Mr Berry holds or has held the following directorships in the last 5 years:

   • All Green Delivery Machine Ltd
   • City Lofts Developments Ltd
   • City Lofts Group Plc
   • London & Norwich Ltd
   • London & Norwich properties Ltd


4. Graham Berry was a director of Pommard Homes Ltd which was put into creditors
voluntary liquidation on 31 March 1995 and dissolved on 3 October 1997 with a
shortfall to creditors of approximately £180,000.


Save as set out in this announcement, there is no other information required to
be disclosed under Schedule 2 paragraph (g) of the AIM Rules.







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