• A new “Canvas” section for placing the (resized) image onto a fixed size canvas. Useful when images have to have a fixed size but you don’t with to crop them (such as for sending them to photo labs or displaying them on a digital projector).
• Multiple different watermarks may now be added to an image.
• PNG watermarks may now be scaled proportionally.
• Watermarks can now be specified as a percentage of the width or height of the image while preserving the aspect ratio.
• Horizontal/Vertical insets now work in each of the nine watermark positions.
• The limit of 3 text annotations has been removed – add as many as you want.

Thanks to the Lightroom Lab for breaking this news!