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Five Oaks Inv. Ld (65GU)

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Tuesday 18 June, 2002

Five Oaks Inv. Ld

Purchase of Debenture Stock

Five Oaks Investments Limited
18 June 2002



18 June 2002

Five Oaks Investments Limited

Acquisition of debenture stock

Delancey Estates Limited announces that its wholly owned subsidiary, Essentra
Limited, has acquired £2.5 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, the stock will remain in issue and will not be
cancelled.  As a result of the acquisition, Essentra Limited holds a total of
£3,770,734 nominal of such stock, representing 25.14% of the amount of stock in
issue.  The amount of such stock which remains outstanding is £11,229,266.



Enquiries:

Delancey Estates Ltd

Graham Emmett            020 7467 5556





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