Admission to AIM

Off-Plan Fund Limited (The)
12 December 2005


For Immediate Release                                       12 December 2005

                           The Off-Plan Fund Limited

                         ('Off-Plan' or the 'Company')
                  Placing of £6.8 million and Admission to AIM
                       Trading in shares commences today

Announcement of first day of dealings on AIM following a Placing by Numis
Securities Limited to raise approximately £6.8 million at a price of 100p per
share.

Off-Plan, a Jersey domiciled closed-end investment company focused on the
trading of UK residential property 'off-plan' contracts, today announces the
admission to trading of its shares on the AIM market of the London Stock
Exchange ('Admission').

* The Placing comprises a total of 6,769,246 shares at 100p per share
  (the 'Placing Price'), representing 72.8 per cent of the enlarged issued share
  capital of the company. Following admission the number of shares in issue will
  total 9,294,248.
* Based on the Placing Price, the market capitalisation of Off-Plan on
  commencement of dealings is £9.3 million.
* Gross proceeds of the Placing are approximately £6.8 million.
* The Company's ticker symbol will be OPF.
* Numis Securities Limited acted as Nominated Adviser, Broker and
  Placing Agent to the Placing.

Roger King, a director of the Company, said:
'We are delighted the Placing has been so well received and welcome our new
shareholders in Off-Plan. The placing and flotation on AIM will enable us
actively to pursue the Company's investment policy, working with developers and
financial institutions to facilitate the forward financing of building projects
at favourable discounts to Red Book value.'

For further information:

Development Capital Management [phone]
Roger Hornett
Andy Gardiner

Numis Securities [phone]
Bruce Garrow
Chris Bucknall

Buchanan Communications [phone]
Charles Ryland
Isabel Podda


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