PARO Paros

    Embargoed: not to be released until 7.00am on

                                                                  21 March 2006

                                   ParOS plc                                   

                                ("the Company")                                

                         (formerly Oak Prospects plc)                          

                          Admission to trading on AIM                          

Further to the announcement on 22 February, the Company has now completed the
acquisition of Parametric Optimization Solutions Limited ("ParOS") for an
initial consideration of �5.4 million satisfied by the issue of 216,450,195 new
ordinary shares. The enlarged issued share capital following the transaction
will be admitted to trading at 8.00am this morning with ticker PARO. At 3.5p,
being the closing middle market price of the Company's shares on OFEX on 20
March 2006, the Company has a market capitalisation of �16.5 million.

ParOS was formed in 2002 as a provider of energy saving advanced optimisation
and control solutions to industry developed at Imperial College, London.
Current applications of the ParOS technology are in the process industries and
the automotive and air conditioning sectors. ParOS technology provides lower
overall energy consumption and costs and reduces harmful emissions to the
environment. The ParOS technology can retrofit on existing hardware or embed in
devices.

Patrick McHugh, Executive Chairman of ParOS, commented:

"Joining AIM is a significant step in our development and we look forward with
our higher profile to accelerating the commercialisation of our technology."

For Enquiries:

ParOS plc

Patrick McHugh Tel: 0208 300 8223

Tara Lindstedt Tel: 0208 300 8224

John East & Partners Limited (Nominated Adviser and Broker)

Simon Clements Tel: 020 7628 2200

Holborn Public Relations

David Bick/Mike Feltham Tel: 020 7929 5599

Background Information on Paros

ParOS was formed in January 2002 as a provider of energy saving advanced
optimisation and control solutions to industry. Its proprietary technology
allows a user to maintain a mechanical system or industrial processes at its
desired operating conditions, optimising the productivity and efficiency of
that system or process, without incurring significant additional hardware
spend.

The technology has been developed over the last 15 years by ParOS in
conjunction with The Centre for Process Systems Engineering of Imperial
College, London, led by chief executive, Professor Pistikopoulos.

A control solution may be used to measure the parameters within a prescribed
operation that are required to perform at a desired level. This can be achieved
by continuously reviewing sensor measurements and, if any discrepancies are
detected, the necessary alterations can be made to that particular operation.
This form of control solution is known as "simple control". It is relatively
cheap but tends to produce poor performance when applied to more complex
systems.

Advanced control, which may be referred to as Model Predictive Control ("MPC"),
is achieved by repeatedly solving optimisation problems online to determine the
best control action, given the sensor measurements at any given time and a
desired target value for these measurements. The provision of hardware and
software applications required to support MPC solutions is typically expensive
and time consuming to install.

ParOS has developed an advanced control technology that can be used to monitor
a system or process by applying parametric optimisation techniques without the
requirement for expensive hardware and software applications. The technology
allows an advanced control solution to be applied by way of an electronic
look-up function, hardwired onto an existing microchip within the system (for
retrofit) or onto a new microchip which is then tailor-made for the customer's
specific application.

The look-up function applies the required system measurements as inputs and
produces an optimal control action as an output. The resulting control action
is designed to be identical to that which would be achieved using traditional
MPC systems, but without significant computational memory requirements. This in
turn produces fast and accurate control without the need of a personal
computer.

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