RNS Number:6070S
Watermark Group PLC
28 November 2003

                              Watermark Group plc


Watermark Group plc ("Watermark" or "the Company") announces that in accordance
with the terms of the sale purchase agreement dated 24 May 2002, in respect of
the purchase of Globe Audio Limited, deferred consideration of #186,816.19 is
payable to the vendors for the year ended 30 April 2003.  This deferred
consideration is to be satisfied by the issue of 171,391 Watermark shares at
109p each.  These new shares rank pari passu in all respects with the existing
Watermark shares now in issue.  Applications to the UKLA and to the London Stock
Exchange have been made for these new Watermark shares to be admitted to the
Official List of the UK Listing Authority and to be admitted to trading on the
London Stock Exchange.  It is expected that dealings in these new shares will
commence on 1 December 2003.


For further information, please visit www.watermarkplc.com or contact:


Crispin Quail, Finance Director                John West/Rosie Brown
Watermark Group plc                            Tavistock Communications
Tel:  01489 897800                             Tel:  020 7920 3150
e-mail: info@watermarkplc.co.uk                e-mail: rbrown@tavistock.co.uk


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