Statement re Planning Consent

OAK HOLDINGS PLC                                

                        STATEMENT RE: PLANNING CONSENT                         

Oak Holdings plc (the "Company") notes recent press comment that planning
consent has been granted by the Rotherham Metropolitan Borough Council for its
£350m leisure, entertainment, sports and convention centre in Rotherham.

However, the Company wishes to point out that planning consent is still
conditional on certain agreements being signed. The Company will issue a
further announcement as soon as an update is available.

Contact:

Oak Holdings plc Tel: [phone]

Malcolm Savage, Chairman

Stephen Lewis, Chief Executive

Mike Hill, Finance Director

City Financial Associates Limited Tel: [phone]

James Caithie