Holding(s) in Company

RNS Number:3512M
Watermark Group PLC
23 January 2008

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1.  Identity of the issuer or the underlying issuer of existing shares to
    which voting rights are attached
    WATERMARK GROUP PLC

2.  Reason for the notification (please tick the appropriate box or boxes)

    An acquisition or disposal of voting rights                       (X )

    An acquisition or disposal of financial instruments which may     ( )
    result in the acquisition of shares already issued to which
    voting rights are attached

    An event changing the breakdown of voting rights                  ( )

    Other (specify):                                                  ( )

3.  Full name of person(s) subject to the notification obligation:
    Oryx International Growth Fund Limited

4.  Full name of shareholder(s) (if different from 3.)


5.  Date of the transaction (and date on which the threshold is crossed
    or reached if different):
    21 January 2008

6.  Date on which issuer notified:
    22 January 2008

7.  Threshold that is reached:
    6%

8.  Notified details:

A. Voting rights attached to shares

Class/type of shares (if possible using the           Ordinary (GB0009422097)
ISIN code)

Situation previous to  Resulting situation after the triggering transaction
the triggering
transaction
Number of  Number of  Number of   Number of voting      % of voting rights
Shares     Voting     shares      rights
           Rights
                      Direct      Direct     Indirect   Direct    Indirect
2,990,000  2,990,000  2,740,000   2,740,000  Nil        5.86%     Nil


B. Financial Instruments

Resulting situation after the triggering transaction
Type of       Expiration   Exercise/          Number of voting  % of voting
financial     date         Conversion Period/ rights that may   rights
instrument                 Date               be acquired if
                                              the instrument is
                                              exercised/
                                              converted

Total (A+B)
Number of voting rights              % of voting rights
2,740,000                            5.86%

9.  Chain of controlled undertakings through which the voting rights and/or
    the financial instruments are effectively held, if applicable:

Proxy Voting:
10.  Name of the proxy holder:       n/a

11.  Number of voting rights proxy   n/a
     holder will cease to hold:

12.  Date on which proxy holder      n/a
     will cease to hold voting
     rights:

13.  Additional information:         n/a

14:  Contact name:                   Sara Radford, Company Secretary,
                                     BNP Paribas Fund Services (Guernsey)
                                     Limited

15.  Contact telephone number:       01481 743004







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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