First Day of Dealing on AIM

Oakley Capital Investments Limited
03 August 2007

                       OAKLEY CAPITAL INVESTMENTS LIMITED



                          First day of dealing on AIM





The Board of Oakley Capital Investments Limited (the 'Company'), today announces
the placing of 100,000,000 ordinary shares at £1.00 per ordinary share with
warrants attached on a 1 for 2 basis, raising gross proceeds of £100 million.
All of the ordinary shares and warrants in the Company have today been admitted
to trading on AIM.  Collins Stewart Europe Limited acted as broker to the
placing.



The Company has been set up to invest primarily in Oakley Capital Private Equity
L.P. (the 'Fund'), a new private equity fund being established by a team of
experienced investment professionals led by Peter Dubens, executive chairman of
Pipex Communications plc and former chairman of 365 Media Group plc.  The Fund's
investment advisory team has an average of 10 years' successful investment
experience, in M&A, private equity and operational management.



The Fund will invest primarily in mid-market buy-outs in the UK and Europe.  It
will seek to acquire controlling positions in companies with scope for
performance improvement, and in industries with strong underlying growth drivers
and the potential for consolidation.  The Fund will utilise the investment
advisory team's proven ability to self-source transactions and actively manage
portfolio companies to improve operational performance.  The Fund will target
equity transactions in the range of £20 to £100 million and will seek to deliver
gross IRR on its investments in excess of 25% per annum and a blended gross
multiple of three times.



The Fund is seeking commitments of up to £375 million from limited partners.
The directors and employees of the investment advisory team have committed to
invest £12 million of their own capital in the Fund.  The first closing of the
Fund is expected to be shortly after admission.



Following the placing, the Company is aware of the following persons who have an
interest either directly or indirectly in 3% or more in the capital of the
Company:


Invesco Perpetual                                                        25.0%
Kingdon Capital Offshore                                                 10.0%
Moore Capital                                                            10.0%
GAM                                                                       9.0%
Fidelity                                                                  7.5%
Schroders                                                                 6.0%
Gartmore                                                                  5.0%
Insight                                                                   5.0%
Powe Capital                                                              5.0%
UBS                                                                       4.0%



                                     --oo--



For further information please contact:


Oakley Capital Limited                                        020 7766 6900
Peter Dubens    (Chairman)
David Boyd      (Investor Relations)

Collins Stewart                                               020 7523 8325
Hugh Field
Jonny Sloan

Financial Dynamics                                            020 7831 3113
Juliet Clarke
Edward Bridges
Hannah Sloane



Collins Stewart Europe Limited, which is authorised and regulated by the
Financial Services Authority in the conduct of investment business, is acting
exclusively for Oakley Capital Investments Limited and for no-one else in
connection with the placing and will not be responsible to anyone other than
Oakley Capital Investments Limited for providing the protections afforded to
customers of Collins Stewart Europe Limited or for providing advice in relation
to the issue.



3 August 2007



Notes to Editors



Background to previous experience of investment adviser's team



Oakley Capital (Bermuda) Limited (the 'Manager'), has been appointed as manager
to the Company and the Fund.  The Manager has appointed Oakley Capital Limited
(the Investment Adviser') as investment adviser to the Manager.  The Investment
Adviser will be primarily responsible for advising the Manager on the
investments of the assets of the Fund and the Company



The Investment Adviser's team, who were instrumental in generating the returns
produced by 365 Media Group plc ('365') and Pipex Communications plc ('Pipex')
whilst those companies were under the Chairmanship of Peter Dubens, have managed
companies with a combined enterprise value averaging over £210 million over the
5 years to December 2006.



365 was sold to BSkyB in December 2006 generating an IRR of 23% from its
admission to trading on AIM on 6 August 2001 to the end of December 2006. The
share price of 365 increased by 2.7 times over the same period.



Based on the average share price of 13.78 pence over the 3 months to 30 June
2007, Pipex has delivered a 32% IRR to investors since Peter Dubens became a
director of Pipex on 23 October 2002, and the share price of Pipex has increased
by 6.1 times over the same period.



Both businesses were grown by undertaking an active M&A, and capital raising
programme in conjunction with operational restructuring and strategic
repositioning.



The Investment Adviser's team has worked together for over 5 years and has
completed 26 acquisitions and disposal transactions on behalf of 365 and Pipex.
The manager believes this track record demonstrates the Investment Adviser's
team's ability to source, execute, integrate, run, grow and then sell
businesses.






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