The Company’s ordinary shares of 0.01 pence each in the Company (the “Ordinary Shares”) are, as previously announced, currently suspended from trading on AIM in accordance with Rule 15 of the AIM Rules.

Further to the announcement of 13 April 2011 the Board of Otium announces that the Ordinary Shares have not been cancelled from trading on AIM and anticipates making a further announcement at the end of May.

The Company remains at an advanced stage of exploring potential opportunities and expects to provide a further update to shareholders in the near future.