Project Update
Watermark Global
Watermark Global Plc
21 November 2011
(“Watermark†or the “Companyâ€)
Project Update
The Board of Watermark (AIM: WET.L) notes the recent announcement by Central Rand Gold (CRG) regarding the tenders to address the short term neutralization of Acid Mine Drainage in the three Witwatersrand Basins by Trans Caledon Tunnel Association (TCTA).
In order to inform our shareholders of the various processes being followed by the South African Department of Water Affairs (DWA), we would like to clarify the following :-
There are two main tender processes being followed at present:
However, the adjudication and timing of these tenders are something which WUC and Watermark do not have any control over, and therefore cannot provide shareholders with definite time lines.
Please be assured that the Board is doing everything in its power to engage the various authorities and will provide shareholders with an update as soon as any material information become available.
The Board would once again like to thank shareholders for their continued support during this period.
Enquiries
Watermark Global plc
Peter Marks, Chairman Tel: + 44(0) 20
7233 1462
Jaco Schoeman, Chief Executive Officer Tel: + 44(0) 20
7233 1462
jschoeman@watermarkglobalplc.com
Nominated Adviser: Cenkos Securities
Ian Soanes/Elizabeth
Bowman Tel: +44(0)20 7397 8928
Investor Relations
Charles Zorab Tel: + 44(0) 20 7233 1462
czorab@watermarkglobalplc.com