Issue of Equity

OAK HOLDINGS PLC                                

                                Issue of Equity                                

Oak Holdings plc (the "Company") announces that it has raised approximately 
£114,000 by the issue of an aggregate of 167,644 new ordinary shares of 50p 
each ("New Ordinary Shares") to directors of the Company and interests 
associated with the Directors at 68p per share (the "Subscription").

The proceeds of the Subscription, together with £25,000 of loans already made
by the Directors to the Company, will provide the limited working capital
required by the Company pending the finalisation of the definitive Development
Agreement in respect of the YES! Project with Rotherham Metropolitan Borough
Council, which is expected to be completed overcoming weeks. This development
agreement will replace the already extended Preferred Developer Agreement under
which the Company has operated to date and achieved outline planning consent on
22 January 2007.

The table below shows the number of New Ordinary Shares being subscribed for by
Directors and their interests in the Company following the Subscription:

                                         Number of                 
                    Number of New  Ordinary Shares    % of enlarged
                  Ordinary Shares        held post  issued ordinary
Director               subscribed     Subscription    share capital
                                                                   
M Savage                   44,117        1,581,100            10.45
G Axford                   29,411          374,557             2.48
P Collins                  44,117        1,581,099            10.45
M Hill                     10,294           79,227             0.52
S Lewis                    39,705        1,047,148             6.92

Application has been made for the New Ordinary Shares to be admitted to trading
on AIM, which is expected to become effective on 10 October 2007 ("Admission").
The New Ordinary Shares will rank pari passu with the existing issued ordinary
shares of the Company and have been allotted and issued credited as fully paid.

Following Admission, the total issued share capital of the Company will
increase to 15,130,133 Ordinary Shares.

For further information, please contact:

Oak Holdings plc                                             Tel: [phone]
Steve Lewis, Chief Executive
Mike Hill, Finance Director

Rawlings Financial PR Limited                                Tel: [phone]
John Rawlings
Catriona Valentine

Arbuthnot Securities Limited                                 Tel: [phone]
Tom Griffiths