Major Interest in Shares

RNS Number : 8020L

Off-Plan Fund Limited (The)

16 January 2009

For Immediate Release

16 January 2009

The Off-plan Fund Limited

Notification of major interest in shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached	Off-Plan Fund Ltd
2. Reason for the notification
An acquisition or disposal of voting rights		YES
3. Full name of person(s) subject to the notification obligation	Kaupthing Singer & Friedlander Ltd
4. Full name of shareholder(s) (if different from 3.)	Kaupthing Singer & Friedlander Ltd
5. Date of the transaction (and date on which the threshold is crossed or reached if different)	08.10.2008
6. Date on which issuer notified:	15.01.2009
7. Threshold(s) that is/are crossed or reached:	>3%
8. Notified details:

A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
Ordinary Shares Isin: GB0032774365	Below 3%	Below 3%	1,858,850	1,858,850		16.67%

Total (A+B)
Number of voting rights	% of voting rights
1,858,850	16.67%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable

The shares are held in KSF Ltd Crest account through Kaupthing, Singer & Friedlander Ltd.

Kaupthing, Singer & Friedlander Limited is in administration. Kaupthing Singer & Friedlander Limited (the Company) was placed into administration pursuant to a court order made on 8 October 2008. Margaret Elizabeth Mills, Patrick Joseph Brazzill, Thomas Merchant Burton and Alan Robert Bloom were appointed joint administrators of the Company.

13. Additional information:

Based on issued share capital of 11,153,098

14. Contact name:

Mark Gradie

15. Contact telephone number:

0203 205 6612

A: Identity of the person or legal entity subject to the notification obligation
Full name (including legal form for legal entities)	Kaupthing Singer & Friedland Ltd
Contact address (registered office for legal entities)	One Hanover Street London W1S 1AX
Phone number	020 3205 6612
Other useful information (at least legal representative for legal persons)

B: Identity of the notifier, if applicable
Full name	As above
Contact address
Phone number
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)