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Five Oaks Inv. Ld (65GU)

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Thursday 06 March, 2003

Five Oaks Inv. Ld

Acquisition

Five Oaks Investments Limited
06 March 2003


For immediate release

6 March 2003

Five Oaks Investments Limited
          

                         Acquisition of debenture stock


Delancey Estates Limited announces that its wholly owned subsidiary, Essentra
Limited, has acquired a further £11.15 million of 83/8 per cent. First Mortgage
Debenture Stock 2019 of Five Oaks Investments Limited, which is also a
subsidiary of Delancey Estates Limited.  As this stock has not been acquired by
Five Oaks Investments Limited itself, there is no requirement for the stock to
be cancelled.  If the stock is transferred to Five Oaks Investments Limited by
Essentra Limited in the future, there will be a requirement for the stock to be
cancelled in accordance with the terms and conditions of the trust deed which
constituted it. As a result of the acquisition, Essentra Limited holds a total
of £14,920,734 nominal of such stock, representing 99.47% of the amount of stock
in issue.  The amount of the stock not held by Essentra Ltd and which remains
outstanding is £79,266.


Enquiries:

Delancey Estates Ltd

Graham Emmett 020 7467 5556


                      This information is provided by RNS
            The company news service from the London Stock Exchange           UCWUPWGMQ                                                                                                                                                                                                                                                      

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