RNS Number:9807I
Watermark Group PLC
20 March 2003

For immediate release: 20 March 2003



                         Watermark Group plc ("the Company")


                                Grant of Options


Mr Paul Evans, Group Managing Director of Watermark Group plc, was yesterday
granted 50,000 options over the Company's Ordinary Shares for a consideration of
#1 under the Company's unapproved scheme at an exercise price of 87p per
Ordinary Share.  These options are exercisable at any time up to 18 March 2010.


Mr Paul Evans has a beneficial interest in 15,000 Ordinary Shares (0.06%) and
excluding the above, has options to acquire 400,000 Ordinary Shares at 101.5p
per Ordinary Share, exercisable at any time up to 30 September 2009 subject to
certain performance criteria.



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: jwest@tavistock.co.uk




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