RNS Number:2289U
Oakgate PLC
14 January 2004

FOR IMMEDIATE RELEASE                                            14 January 2004


                           Oakgate plc ("The Company")
    
                            Response to Press Comment

The Company notes the recent press comment concerning a possible transaction
involving the acquisition of a nickel mining project in the Philippines.

The Company confirms that it is considering a number of possible transactions,
none of which have reached an advanced stage, and any of which would be subject
to due diligence and contractual terms.

As and when the Company is in a position to release further information, a
further announcement will be made.

For any further questions please telephone:

Leo Knifton, Chairman on 020 7251 3762 
Roland Cornish, Beaumont Cornish Limited, on 0207 628 3396

Beaumont Cornish Limited is a Sponsor registered with the UK Listing Authority,
a Nominated Adviser approved by the London Stock Exchange and a Member of OFEX.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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