RNS Number:5215L
Watermark Group PLC
23 May 2003

                      Watermark Group plc (the "Company")


The Company was notified on 19 May 2003 that, following a disposal on 15 May
2003, the Mineworkers' Pension Scheme now holds 1,400,000 ordinary shares
registered in the name of Mineworkers' Pension Scheme (Chase GIS) Nominees Ltd,
representing 5.77% of the issued capital of the Company.


For further information please contact:


Crispin Quail, Finance Director                  Rosie Brown/John West
Watermark Group plc                              Tavistock Communications
Tel: 01489 897800                                Tel: 020 7600 2288
e-mail: info@watermarkplc.co.uk                  e-mail: rbrown@tavistock.co.uk



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            The company news service from the London Stock Exchange
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