Blocklisting Interim Review

Name of applicant:

Waterman Group plc

Name of scheme:

Executive Share Option Scheme

Period of return:

From:

11 May 2007

To:

26 May 2010

Balance of unallotted securities under scheme(s) from previous return:

122,700 ordinary shares of 10 pence each

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

Nil

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

122,700 ordinary shares of 10 pence each

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

Nil

Name of contact:

Graham Hiscocks

Telephone number of contact:

+44 (0)20 7928 7888