Placing Completion (Oakhill)

RNS Number:6244W
Oakhill Group PLC
15 May 2007



15 May 2007



                                 Oakhill Group plc

                          ('Oakhill' or 'the Company')

                              Completion of Placing



Further to the announcement of 12 April 2007, Oakhill is pleased to announce the
conclusion of the Placing and the admission of the Placing Shares to the IEX
market of the Irish Stock Exchange and the AIM market of the London Stock
Exchange.

Pursuant to the conclusion of the Placing, Dan O'Donoghue, Alan Jordan, Martin
Delany, Alistair McGuckian, Raymond McLoughlin and Denis O'Brien have resigned
from the Board of Oakhill and have been replaced by Peter Lynch, who will act as
executive chairman, and John Doris as non-executive director.

Davy have resigned as AIM nominated adviser, IEX adviser and broker to the
Company and have been replaced by Goodbody Stockbrokers as broker, Goodbody
Corporate Finance as IEX adviser and AIB Corporate Finance Limited as AIM
nominated adviser.




For further details please contact:

Oakhill Group plc
Peter Lynch
Tel: +353 1 240 1400

Q4 Public Relations
Gerry O'Sullivan
Tel: +353 1 475 1444

Goodbody Corporate Finance:
Kevin Keating
Tel: +353 1 667 0420










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