WMK Journey Grp

RNS Number:4432H
Watermark Group PLC
09 November 2007



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:
    Rensburg Sheppards Investment Management Limited

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

5.  Date of the transaction (and date on which the threshold is crossed
    or reached if different):
    7 November 2007

6.  Date on which issuer notified:
    8 November 2007

7.  Threshold that is reached:
    8%

8.  Notified details: Nominee holdings

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
4,221,412  4,221,412                      4,171,412            8.93%


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
4,171,412                            8.93%

9.  Chain of controlled undertakings through which the voting rights and/or
    the financial instruments are effectively held, if applicable:
    Client holdings registered in the name of Nominee companies 100%
    owned by Rensburg Sheppards Investmemt Management Limited

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:                 n/a

15.  Contact telephone number:     n/a







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

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