Result of AGM

Result of AGM

Watermark Global

30 June 2010

Watermark Global Plc (“the Company”)

Result of Annual General Meeting

At the Annual General Meeting of the Company held at 3.00 pm today, voting on Resolution 1 to receive the report of the Directors and the financial statements of the Company for the year ended 31 December 2009 was adjourned until 21 July 2010 at 10.00 am. All other resolutions were duly passed.

Accordingly, the second tranche of the placing announced on 26 May 2010 will proceed and admission to trading for 155,877,273 ordinary shares is expected to commence at 8.00 am on 1 July 2010.

The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment, the total issued share capital of the Company has increased to 944,790,827 ordinary shares with voting rights. The Company holds no shares in treasury, therefore the total number of voting rights in the Company is 944,790,827.

This figure of 944,790,827 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

Enquiries:

Dirk Kotze, Chief Financial Officer Tel: + 44(0) 20 7233 1462
[e-mail]@watermarkglobalplc.com

Investor Relations
Charles Zorab Tel: + 44(0) 20 7233 1462Charles Zorab Tel: + 44(0) 20 7233 1462
[e-mail]@watermarkglobalplc.com

Nominated Adviser: Cenkos Securities
Ian Soanes/Elizabeth Bowman Tel: [phone] Ian Soanes/Elizabeth Bowman Tel: [phone]