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Watermark Global PLC (formerly MicroFuze International PLC) (AIM : WET)

Watermark Global PLC (Watermark), listed on the AIM stock exchange in London, owns 100% of Western Utilities Corporation (WUC), a South African company established to manage the delivery of water supply for the Western Basin Environmental Corporation (WBEC). WEBC is a section 21 company (not-for-profit) formed to treat Acid Mine Drainage water (AMD) and transform AMD into 'grey' industrial water on the West Rand outside Johannesburg, South Africa.

The AMD has been created by rain water running into the vacant mines which has reacted with the oxidised ore to create AMD leaving a significant environmental issue if left unresolved. WBEC has contracted WUC, which has access to proprietary water treatment technology, to provide the processing and delivery of the water from a resource with a life estimated to be in excess of 50 years.

WUC was established to develop and commercialise a water treatment technology which will facilitate the government mandated treatment of AMD, and to on-sell the treated water and other by-products to industrial customers. Watermark (through WUC) has selected the Alkaline Barium and Calcium process (ABC) as its processing technology from the Council for Scientific & Industrial Research (CSIR) which proved to be the best technical and commercial solution.

The CSIR technology has met the South African National Accreditation System ("SANAS") standards for industrial quality (SANAS class two) as well as potable drinking water (SANAS class one). This is a significant step in the development of the Company, demonstrating the process can be commercial.

WUC has also engaged Golder and Associates (a leading Engineering Consulting Group) to start the Environmental Impact Assessment (EIA) study. Part of the EIA process is to identify possible sites for the construction of a commercial size plant to treat 75 mega litres of AMD per day, as Phase One of the project.

The project has now moved on to the Definitive Feasibility Study ("DFS"), which Watermark expects to be completed by mid-2009. The study will consider both piping the water into the main Rand Water Board for the Gauteng Province, as well as piping the water up to the platinum producing area of the North West Province.

MPJ currently owns 13.86 million shares in Watermark.

www.watermarkglobalplc.com