The Exlusive was introduced in the 1980's and was positioned at the higher end of the Watermans range. They were made from brass with a lacquer finish and were available in a number of different patterns and colours. The Exclusive was a top quality pen, aimed at the prestige market. They were very popular because of their weight and balance.
This example is finished in Black Lacquer and the pen is fitted with a super smooth 18ct Broad nib. It is in good condition with some wear to the lacquer where the cap has been posted. (see photo) and some light corrosion around the section.