Directorate Change

Oak Holdings PLC
23 December 2005



    Oak Holdings plc / Epic: OAH / Index: AIM / Sector: Property Development


23 December 2005

                    Oak Holdings plc ('Oak' or 'the Company)

                              Directorship Changes


Oak Holdings plc, the AIM listed property development and consultancy group,
announces that Stephen Thomson has resigned as a director with immediate effect.
The Directors would like to thank him for his contribution during and after
the reverse take over by AWG Services plc of Oak Holdings Limited.



                                  * * ENDS* *



Contacts:

Stephen Lewis              Oak Holdings plc           Tel: [phone]
Isabel Crossley St Brides Media & Finance Ltd         Tel: [phone]



Notes for editors:

•  AIM-listed Oak Holdings plc is a development company and property
   consultancy.

•  Its strategic focus has been on developing mixed-use, leisure-oriented
    projects in addition to creating an income-producing property consultancy
    business.

•   Oak's flagship scheme is the YES! Project located on a 327 acre
    ex-coalfield site adjoining the Rother Valley Country Park in Rotherham 
    where the Company hopes to develop a state-of-the-art leisure and 
    entertainment centre.

•   Oak's directors have extensive experience in property development and
    investment and are well known professionals in the property industry.  Its 
    team includes Malcolm Savage who spent 22 years with St Martins Property 
    Corporation; and Stephen Lewis, who was also at St Martins then moved on to 
    be responsible for Castle Mall, Norwich, Heron City Projects in Europe and 
    Allied Irish Bank in Uxbridge in addition to several leisure schemes 
    throughout Europe.






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