Listing Delay - Replacement

Listing Delay - Replacement

Watermark Global

The issuer advises that the following replaces the Watermark Global Plc Listing Delay announcement released at 16:34 GMT (or BST) today.

The listing for MRI shares is expected on or around 25 June 2012 (sted "2011").

All other details remain unchanged.

The full corrected version is shown below.

Watermark Global Plc

("Watermark" or the "Company")

Correction to Previous Announcement Issued at 16.34 on 11 June 2012

Transaction Update – Listing Delay

The listing for MRI shares is expected on or around 25 June 2012

The revised announcement should read as follows:

Watermark advises shareholders that, owing to an administrative delay, the listing of the shares of Mine Restoration Investments Limited (“MRI”) (formerly known as Capricorn Investment Holdings Limited) on the AltX of the Johannesburg Stock Exchange, which was set to take place today, has been delayed. It is now anticipated that this will take place on or around 25 June 2012 which will comlete the acquisition of Western Utiities Corporation (Pty) Ltd by MRI from Watermark.

Further announcements will be made as appropriate to update shareholders on the progress of the transaction.

Enquiries

Investor Relations

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

[e-mail]

Nominated Adviser: Cenkos Securities

Ian Soanes Tel: [phone]