WTL Waterlogic

RNS Number:0286M
Woburn Ventures Limited
17 January 2008



Woburn Ventures Limited

Waterline Group Plc (the "Company") - Offer Update


Further to the announcement made on 22 November 2007, Woburn Ventures Limited 
("Woburn") today announces that it no longer contemplates making an offer for
Waterline Group Plc.

For the purposes of Rule 2.8 of The Takeover Code ('the Code'), Woburn reserves
the right to announce an offer or possible offer or make or participate in an
offer or possible offer for the Company and/or take any other action which would
 otherwise be restricted under Rule 2.8 of the Code within the next six months,
in the event that:

(i)     it obtains the agreement or recommendation of the board of the Company; 
        or

(ii)    there is an announcement by a third party of an offer (as defined in the
        Code) for the Company.



Contact:

Woburn Ventures Limited                              Tel: 07770 852 301
Michael Lawrence

City Financial Associates Limited                    Tel: 020 7492 4777
Ross Andrews/Tony Rawlinson


City Financial Associates Limited, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting for Woburn and no
one else in connection with the matters referred to in this announcement. City
Financial Associates Limited will not be responsible to anyone other than Woburn
for providing the protections afforded to its customers, or for providing advice
in relation to the matters referred to in this announcement.




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