RNS Number:8320S
Oakhill Group PLC
03 December 2003


                               Oakhill Group plc

                              Reduction of Capital


At the Annual General Meeting of Oakhill Group plc (the "Company") on 20 June
2003 a special resolution was passed to the following effect:

"That subject to the confirmation of the High Court pursuant to section 72 of
the Companies Act 1963 the capital of the Company be reduced by applying the sum
of Euro35,396,000 standing to the credit of the Company's share premium account
against the Company's accumulated losses in the profit and loss account and by
reducing the amount standing to the credit of the share premium account by the
said sum of Euro35,396,000 or by such lesser sum as to the High Court may seem just
and equitable."

By Order of the High Court of Ireland made on the 17 November 2003, the above
mentioned reduction of the capital of the Company was duly confirmed by the
cancellation of the sum of Euro35,396,000.00 from the Company's share premium
account. The Order was registered by the Registrar of Companies on 3 December
2003 and the reduction of capital has therefore become effective.

This does not affect the issued share capital of the Company.


3 December, 2003


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