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Issue of Equity

14th Feb 2005 16:02

Oakdene Homes PLC14 February 2005 OAKDENE HOMES PLC Recommended offer by Seymour Pierce Limited on behalf of Oakdene Homes Plc for Honeygrove Group Plc Oakdene Homes Plc ("Oakdene" or "the Company") announces that, in connectionwith the recommended offer for Honeygrove Group Plc, the Company has approvedthe issue and allotment of a further 419,023 new ordinary shares in the Company.These shares will rank pari passu with all existing ordinary shares of theCompany. Application has been made for admission of the new ordinary shares to trading onthe AIM market of London Stock Exchange and dealings are expected to commence on16 February 2005. Enquiries: Seymour Pierce Limited(financial adviser to Oakdene Homes Plc)Bucklersbury House3 Queen Victoria StreetLondonEC4N 8EL Richard FeigenManaging Director Tel: 020 7107 8000 Oakdene Homes PlcOakdene House34 Bell StreetReigateSurreyRH2 7SL Carl Turpin Tel: 01737 249393Chief Executive This information is provided by RNS The company news service from the London Stock Exchange

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