OTV Otium Ventures

TIDMOTV

RNS Number : 6184G

Otium Ventures PLC

16 May 2011

Embargoed for release at 7 am on 16 May 2011

Otium Ventures Plc ("Otium" or the "Company")

Update re suspension

Further to the announcement made by the Company on 13 April 2011 the Board of Otium announces that the Company's ordinary shares of 0.01 pence each in the Company (the "Ordinary Shares") were not cancelled from trading on AIM on 12 May 2011. The Ordinary Shares remain suspended from trading on AIM.

The Company remains at an advanced stage of exploring potential opportunities and anticipates being able to provide a further update to shareholders at the end of May.

For further information

Otium Ventures Plc Paul Seakens Tel: +44 (0) 20 3005 9924 Alex Lubin

Allenby Capital Limited Nick Athanas Tel: +44 (0) 20 3328 5656 Dan Robinson

For more information, please visit: www.otiumventures.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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