KEY SITE ACQUISITION

FOR IMMEDIATE RELEASE

17th April 2007

            OAK ACQUIRES KEY 27 ACRES ACCESS SITE FOR YES! PROJECT             

Oak Holdings Plc ("Oak"), the AIM-listed property development and consultancy
group, today announces it has completed the purchase of a key 27-acre site
adjoining its groundbreaking £350m leisure, entertainment and convention
project in South Yorkshire.

The land, which forms part of the northern border of the YES! Project, will
provide the primary access to the development from the A57, which is less than
one mile from Junction 31 of the M1.

The 27 acres site has been acquired freehold for a total consideration of £1m,
of which Oak is paying £250,000 now and the remainder by 25th March 2008.

In January 2007 Oak was granted planning permission for the YES! Project on a
327-acre former coalfield site adjacent to the Rother Valley Leisure Park.
Enabling and environmental protection works are expected to get underway by the
end of the year.

Steve Lewis, Oak's Chief Executive, commented: "This strategic acquisition
marks another milestone on this visionary project. The site we have purchased
will incorporate the project's main entrance enabling swift access from the M1.
This is a key consideration as over 50% of the UK population reside within a
2.5 hour drive time."

Oak has signed Memoranda of Understanding with both BT and E.ON and has signed
up Skanska as its construction partner for YES!

                                     Ends                                                                 

Contact:

Oak Holdings Plc Tel: [phone]

Steve Lewis, Chief Executive

Mike Hill, Finance Director

Arbuthnot Securities Limited Tel: [phone]

Tom Griffiths

Richard Wood

Baron Phillips Associates Tel: [phone]

Baron Phillips