They can provide a clean water solution to a
wide range of situations. is a company that focuses on developing
and delivering technology-based water generation and purification
products.

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We have acquired a facility in Sydney , Nova Scotia, Canada, and
work is underway to customize the building, the interview process has
been completed and we've hired the personnel to begin full production
by mid April of this year, in order to fulfill our commitments on
orders currently pre sold.R. ST.

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New geographic locations are analyzed and our products are customized
and calibrated for optimal effectiveness in each location .

RBS will issue a total of two million of the Nicklaus commemorative 5
pound notes, which will go into circulation on July 14, the first day
of the Open Championship .

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The Royal Bank of Scotland Group ("RBS Group") is one of the world's
leading financial services companies providing a range of retail and
corporate banking, financial markets, consumer finance, insurance,
wealth management and other finance-related activities.

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Existing distributors have to this point contracted for
approximately $81 million dollars of product. Development of the plant and product manufacture will
begin upon completion of the Sydney site.
2.

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In the US , RBS Group owns Citizens
Financial Group, the RBS National Bank credit card business and Lynk
Systems, a merchant enquirer.

Contacts
US Media
Bill Holtz / Rob Bronfeld
Alan Taylor Communications (New York) (001) 212-714-1280

UK/International Media + Broadcast requirements
Roberto Coladangelo
Karen Earl (UK) 44 (0) 20 7202 2843
RBS Media Relations 44 (0) 131 523 4414

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In the interim we will be outsourcing our production and products
will begin shipping to fulfill our existing orders by March 20th.
The water produced in our test machines have been subjected to
numerous water analysis tests and have exceeded all North American
guidelines.wataireindustries . Corporate Banking and Financial Markets
business based in New York and Greenwich is a leading provider of
financing solutions to corporate and institutional clients.

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Wataire Industries Corporate Update

Over the past few months there have been a number of exciting
developments . Apart from Her Majesty the Queen and the late Queen Mother, Nicklaus
will be the only living person ever to have appeared on a Scottish
note.

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Notes to Editors:
1.

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When placing an order, we require our distributors to provide a
25% deposit and an irrevocable Letter of Credit from an accredited
financial institution for the remaining 75% value , and meet specific
quotas to maintain an exclusive right to market our product in their
territory .
Wataire is committed to providing an array of innovative solutions
that will help prevent fresh water shortages.

Forward-Looking Statements

This press release may include forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934.

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The team is comprised of leaders and advisors who have extensive
backgrounds in business administration, project management,
manufacturing, international distribution , sales, and marketing.
Wataire Industries implements products and services worldwide and
is constantly faced with changing geographic locations and climates.

The Royal Bank of Scotland Group to Issue Special Commemorative 5 Pound Note in Honour of Jack Nicklaus

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Madagascar Joint Venture

Financing has been confirmed by A.

On behalf Of the Board
P.

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"When RBS approached me
and said 'Jack , we'd like to put you on the 5 pound note,' obviously I said
I'm deeply honoured. It's one of the most memorable honours that I've had in
my career. RBS Group
serves 35 million customers worldwide and employs over 136,500 people,
including 26,000 in the US.

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For more complete information please visit our web site at
www. However,
the forward-looking events and circumstances discussed in this press
release might not occur, and actual results could differ materially
from those anticipated or implied in the forward-looking statements.

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R + D

The prototype of the commercial model (water output of 1-5
thousand liters per day) has been completed, tested, is operating to
capacity, and ready to go into production. Fraser
President
Wataire Industries Inc.

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Distributor agreements, with deposits, have been signed in New
Zealand, Australia, Fiji, India, the Grand Caymans, the US and we are
currently in negotiations with potential distributors in South Africa,
the Congo, Russia, Mexico, Costa Rica and Dubai. Peerun of Mauritius to
develop the manufacture plant in Madagascar and Wataire
representatives will be returning to Mauritius to finalize the
transaction.
(Photo: http://www.newscom.

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We are currently researching the application of windmill power
technology to create off grid units that can provide the clean water
solution and at the same time be environmentally friendly.com

About Wataire

Wataire was formed by a team of veteran executives with extensive
experience in developing and bringing innovative products to market."
Howard Moody, Group Director of Communications at RBS said: "Jack Nicklaus
has long been the gold standard to which other golfers have been measured, and
we felt that this was an appropriate way to honour his contribution to the
game, to St Andrews and the Open Championship .

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Wataire Industries Inc. A three-time winner of the tournament,
Nicklaus won titles at St Andrews in 1970 and 1978, and will be playing his
38th and final Open Championship.

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These
machines can be operated in a stationary fashion, or mounted on
vehicles to provide the mobility required to service disaster sites
and remote locations. We are committed to creating cost-effective dedicated clean
water solutions.

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ANDREWS, Scotland , The Royal Bank of Scotland
Group (RBS) announced today that it will honour legendary golfer Jack Nicklaus
by issuing a special commemorative 5 pound banknote bearing his image. The
note recognises his Open Championship victories at St Andrews and stands for
what his illustrious career has meant for the game of golf in Scotland and
around the world.

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It is something that I have a hard time describing ," said
Nicklaus, who has been an RBS ambassador since 2003. He is a great sportsman and
this is a fitting tribute to an outstanding career"
The note was formally unveiled at the Royal and Ancient Golf Club, site of
this year's Open Championship. RBS
Greenwich Capital tailors debt capital market solutions to
institutions worldwide and has a leading position in US treasuries and
asset backed securities.

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Business Editors

VANCOUVER, British Columbia- ---Wataire Industries, Inc (Pink Sheets:WTAF), an international
company focusing on developing and delivering technology-based water
generation and purification products worldwide would like to take this
opportunity to provide an update on recent corporate developments.B.

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We anticipate a gross
profit margin of approximately 37%. We have an agreement to
supply $10 million dollars worth of these machines to the Indian Coast
Guard to replace desalination systems they currently use.com/cgi-bin/prnh/20050712 /NYTU022 )
"I think that the honour that RBS has given me with the 5 pound note is
unbelievable .

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These statements are based
on the Company's current expectations as to future events.