Oakdene Homes PLC

                                                                                  ('Oakdene' or 'The Company')

                                                                            APPOINTMENT OF JOINT BROKER

The Board of Oakdene, the South East England house building and property 
development Group, is pleased to announce the appointment of Dowgate Capital Stockbrokers as joint broker to the Company with immediate effect.

Panmure Gordon (UK) Limited remains as the Company's nominated adviser and joint broker.

www.oakdene-homes.co.uk

Ends

Enquiries:

Oakdene Homes plc                                      Tel: +44 (0) 1737 249 393

Carl Turpin, Chief Executive

Robert Boot, Finance Director

Bell Pottinger Corporate & Financial             Tel: +44 (0) 207 861 3232

Zoë Sanders / Rosanne Perry 

Dowgate Capital Stockbrokers

Dru Edmonstone (Corporate Broking)          Tel: +44 (0) 207 492 4799 

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