Result of AGM

Oak Holdings PLC
24 May 2007


OAK HOLDINGS LIMITED ('the Company')

24 May 2007

RESULT OF AGM and SHARE CONSOLIDATION


The Company announces that at its Annual General Meeting, held earlier today,
all resolutions proposed were duly passed.

Consequently the proposed share consolidation, on the basis of 1 new ordinary
share of 50p ('New Share') for every 50 ordinary shares of 1p each, will become
effective and dealings will commence on AIM at 8.00 a.m. on Friday 25 May 2007.


Contact:

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


Notes:

 1. Share certificates in relation to shareholdings in the New Shares are
    expected to be posted to shareholders shortly.

 2. Following admission of the New Shares, the Company's issued ordinary share
    capital shall comprise 14,962,489 ordinary shares of 50p each. This figure
    of 14,962,489 New Shares may be used by shareholders in the Company as the
    denominator for the calculations by which they will determine if they are
    required to notify their interest in, or a change in their interest in, the
    share capital of the Company under the FSA's Disclosure and Transparency
    Rules.

 3. The ISIN for the New Shares will be GB00B1XLNB88.

END



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