Re Contract

Re Contract

Watermark Global

Watermark Global Plc
Investor Update

Watermark Global Plc (AIM:WET) (“Watermark” or “ the Company”), a water treatment and management company listed on the London AIM with a focus on Acid Mine Drainage (“AMD”) treatment in South Africa, announces that , its wholly-owned subsidiary, Western Utilities Corporation (Pty) Limited (“WUC”) has signed an agreement with the Trans-Caledon Tunnel Association (“TCTA”) whereby TCTA will purchase selective information in stages, from WUC’s Definitive Feasibility Study (“DFS”). The information purchased in the first stage will assist TCTA’s due diligence review on possible technical solutions to clean up AMD for which WUC will be paid an amount of approximately £120,000. Additional fees will be charged in future for the provision of further aspects of the DFS.

Importantly, TCTA’s acquisition of this information does not prevent WUC from participating in the operation and maintenance of the short, medium and long term AMD clean-up projects. The Board believes that WUC is currently positioned favorably with regard to future contract awards and WUC intends to participate in any formal tender process. All the information that was developed within the DFS relating to the long-term solution will remain the property of WUC and the board believes that it may be used in the context of the longer-term solutions.

Enquiries
Watermark Global plc
Peter Marks, Chairman Tel: + 44(0) 20 7233 1462
Jaco Schoeman, Chief Executive Officer Tel: + 44(0) 20 7233 1462
[e-mail]
Nominated Adviser: Cenkos Securities
Ian Soanes/Elizabeth Bowman Tel: [phone]
Investor Relations
Charles Zorab Tel: + 44(0) 20 7233 1462
[e-mail]