TIDMWFC 
 
RNS Number : 5334I 
Watford Leisure PLC 
12 March 2010 
 

                              Watford Leisure PLC 
                      ("Watford Leisure" or the "Company") 
 
                Update re Related Party Loan from Fordwat Limited 
 
Further to the announcement of 23 December 2009 in respect, inter alia, of the 
related party loan received from Fordwat Limited ("Fordwat"), Watford Leisure 
announces that on 24 February 2010 the Company and its subsidiary, The Watford 
Association Football Club Limited, granted security over the Vicarage Road 
Stadium to Fordwat in connection with its outstanding loan with the charge 
documents sent to Companies House for registration on 5 March 2010. 
 
The secured loan of approximately GBP4.99 million (including accrued interest 
since 23 December 2009) is repayable on demand and accrues interest at the rate 
of 4.5 per cent. above the base rate of Barclays Bank plc (except in default 
when the rate rises to base rate plus 7.5%). The security is by way of a 
guarantee and debenture ranking behind the existing secured creditors. 
 
The board is continuing to refine the proposal from Fordwat for a GBP7.5 million 
underwritten fundraising and further announcements will be made in due course. 
 
Enquiries: 
 
Watford Leisure PLC 
Tel:  01923 496 000 
Graham Taylor, Chairman 
Julian Winter, Chief Executive Officer 
 
Strand Hanson Limited 
Tel:  020 7409 3494 
Rory Murphy 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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