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     (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights 

X

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify): Placing _______________________

3. Full name of person(s) subject to the notification obligation:

Kaupthing Singer & Friedlander Ltd (In Administration)

4. Full name of shareholder(s) (if different from 3.):

Kaupthing Singer & Friedlander Ltd (In Administration) 

5. Date of the transaction (and date on which the threshold is crossed or reached if different):

29.04.2009

6. Date on which issuer notified:

30.04.2009

7. Threshold(s) that is/are crossed or reached:

20%

8. Notified details:

Sold 1,858,850

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 viii

Number of shares 

Number of voting rights ix

% of voting rights

Direct

Direct  x

Indirect xi

Direct

Indirect

Ordinary Shares

Isin: 

GB0032774365

1,858,850

1,858,850

0

0

0%

B: Financial Instruments

Resulting situation after the triggering transaction xii

Type of financial instrument 

Expiration date xiii

Exercise/ Conversion Period/ Date xiv 

Number of voting rights that may be acquired if the instrument is exercised/ converted. 

% of voting rights

Total (A+B)

Number of voting rights

% of voting rights

0

0%

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

Kaupthing, Singer & Friedlander Ltd (In Administration) is in administration. 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.

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Elizabeth Hughes

15. Contact telephone number:

0203 205 6624

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 (In Administration)

Contact address (registered office for legal entities)

21 New Street

Bishopsgate

London
EC2M 4HR

Phone number 

 020 3205 6624  

Other useful information (at least legal representative for legal persons)

B:     Identity of the notifier, if applicable xvii

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)

C:    Additional information