Issue of Equity

Issue of Equity

Watermark Global

28 May 2010

Watermark Global Plc

("the Company")

Issue of Equity and Notice of Annual General Meeting

Further to the Company’s announcement on 26 May 2010, 101,850,000 ordinary shares of 0.15 pence have, today, been admitted to trading on AIM. The new ordinary shares rank pari passu with the existing shares of the Company. Following the allotment, the total issued share capital of the Company is 788,913,554 ordinary shares with voting rights. The Company holds no shares in Treasury, therefore the total number of voting rights in the Company is 788,913,554. This figure 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.

The Annual General Meeting of the Company will be held on 30 June 2010 at 3.00 p.m. at 42, Queen Anne’s Gate, London SW1H 9AP

Enquiries:

Dirk Kotze, Chief Financial Officer Tel: + 44(0) 20 7233 1462

[e-mail]

Investor Relations

Charles Zorab Tel: + 44(0) 20 7233 1462

[e-mail]

Nominated Adviser: Cenkos Securities

Ian Soanes/Elizabeth Bowman Tel: [phone]