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Richard Lourey From the Opalesque team:

Causeway Water Limited, the Australian based Water Management Company will commence its initial fund raising on August 16th, 2010.

Causeway Water is seeking to raise A$100m and will use the majority of the proceeds to purchase a strategic portfolio of Australian Water Entitlements.

"Water is the most valuable resource in the world and it is Causeway Water's intention to provide investors with a direct exposure to the water price. Australia is one of only two actively traded water markets in the world." said Richard Lourey, Managing Director of Causeway Water Limited.

"Causeway Water aims to become the counterparty of choice for water users in Australia. By doing this we will provide investors with direct exposure to an alternative asset class which has a history of price appreciation and by extension investment themes such as soft commodity price inflation and food security."

"The water market in Australia and the world is interlinked and dynamic and we can see significant commercial opportunities ahead." Mr. Lourey added. Causeway Water is an unlisted public company and will seek to IPO within 3 years of the raising.

Causeway Asset Management was originally founded in 2004 by Michael Davis and Tim Martin, after each of the principals spent more than 20 years working in senior banking and management roles in debt capital markets and asset management for global firms including Merrill Lyn......................

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