WTL Waterlogic

RNS Number:2353H
Waterline Group plc
08 November 2007



                              WATERLINE GROUP PLC
                         ("Waterline" or the "Company")
                             Potential offer Update

On 19 July 2007, the Independent Directors of the Company announced that they
had received confirmation from Woburn Ventures Limited ("Woburn") that it was
considering making an offer for the entire issued and to be issued share capital
of the Company. The Independent Directors also announced that they had
instructed Mazars Corporate Finance Limited to conduct a strategic review of
options open to the Company in order to maximise value for shareholders. This
strategic review of options has now been completed.

The Independent Directors would like to confirm that discussions with Woburn
Ventures have been postponed to allow the Company to enter into exclusive
discussions with a third party with a view to an offer being made for the entire
issued and to be issued share capital of the Company.

The making of such an offer remains subject, inter alia, to the completion of
satisfactory due diligence; the finalisation of financing arrangements and
certain documentation; and the recommendation of the Directors of the Company to
its shareholders to accept the possible offer.

This announcement does not constitute an announcement of a firm intention to
make an offer for the Company under Rule 2.5 of The City Code on Takeovers and
Mergers. This announcement is made without the approval of the offeror and there
can be no certainty that any offer will be made even if the above pre-conditions
are satisfied and/or waived.

A further announcement will be made in due course.

                                   ---ends---

Contact:

Waterline Group plc                                    Tel: 020 7224 5354
Peter Dicks

Mazars Corporate Finance Limited                       Tel: 020 7377 1000
Margarita Rodriguez-Piza

Daniel Stewart & Company plc                           Tel: 020 7776 6550
Lindsay Mair

Bishopsgate Communications Ltd                         Tel 020 7562 3350
Dominic Barretto (Financial Public Relations)

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of the Company, all "dealings" in any
"relevant securities" of the Company (including by means of an option in respect
of, or a derivative referenced to, any such "relevant securities") must be
publicly disclosed by no later than 3.30 pm (London time) on the London business
day following the date of the relevant transaction. This requirement will
continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an
"interest" in "relevant securities" of the Company, they will be deemed to be a
single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of the Company by any of its respective "associates", must be
disclosed by no later than 12.00 noon (London time) on the London business day
following the day of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.

"Interest in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in doubt as to whether or not you are required to
disclose a "dealing" under Rule 8, you should consult the Panel.

Notes to Editors:
Waterline provides a one-stop shop for top high street kitchen brands, supplying
retailers and builders merchants.  Additional services that Waterline provides
to its customers - such as training, product advice, stock management and 
logistics - sets the Company apart from the more conventional distributors in
the market.




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

END
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