Board Appointment

Off-Plan Fund Limited (The)
13 December 2007


For Immediate Release                                           13 December 2007


                           the OFF-PLAN FUND LIMITED
                                  (the 'fund')

                                BOARD APPOINTMENT

The Fund is pleased to announce the appointment of Ms Joni Cline as a
non-executive Director effective from 12 December 2007.

As announced on 17 April 2007 the Consensus Business Group Limited ('CBG') was
offered the opportunity to nominate an additional director to the Fund's board
in connection with its role as investment adviser to Elsina Limited ('Elsina').
Elsina is ultimately owned by Investec Trust (Guernsey) Limited, as trustees for
the Tchenguiz Family Trust. Elsina is interested in 20.25% of the Fund's share
capital.

Ms Cline has extensive experience of the acquisition, management and sales of
residential property portfolios in the UK and is currently a consultant to CBG.

Save as set out in the notes to this announcement, there is no information
specified by paragraph (g) in Schedule Two to the AIM Rules that requires to be
disclosed.

Enquiries

Development Capital Management 020 7355 7600
Roger Hornett
Andrew Gardiner

Buchanan Communications 020 7466 5000
Charles Ryland
Isabel Podda

Notes

Joni Beth Cline (aged 56)

Current directorships and partnerships: Auggie Ltd, Auggi Entertainment Ltd,
Green Eyes Enterprises Ltd, Fuel Cells Ltd, White Dog LLC

Previous directorships and partnerships in last 5 years: None



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