Issue of Equity

OAK HOLDINGS PLC                                

                                ISSUE OF EQUITY                                

The Board of Oak Holdings plc (the 'Company') announces that it has received
notice from several holders of Warrants in the Company (as further described in
the Admission Document sent to shareholders of the Company on 7 November 2003)
that they wish to exercise, between them, a total of 35,936 Warrants. Each
Warrant entitles a Warrantholder to convert it into one new ordinary share in
the Company at an exercise price of 2.38p.

In addition, owing to an oversight by the Company, 10,311 new ordinary shares
were issued to Warrantholders on 5 December 2005 but application was not made
to the London Stock Exchange at the time for the listing of these shares.
Accordingly, the Company now wishes to make application for these shares to be
listed.

Application is therefore being made to the London Stock Exchange for the
admission of a total of 46,247 new ordinary shares in the Company to trading on
AIM, which is expected to take place on 29 December 2006.