WTL Waterlogic

RNS Number:1386I
Waterline Group plc
20 November 2007


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


On 8 November 2007, the Independent Directors announced that they had postponed
talks with Woburn Ventures Limited 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 Independent Directors would like to confirm that these discussions with the
third party have now terminated and that no offer will be made from that party
for the entire issued and to be issued share capital of the Company.

In the light of this, the Independent Directors are considering what options are
available to the Company to maintain the best interest of shareholders.

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unconditional as to acceptances, lapses or is otherwise withdrawn or on which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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