I also have EGLC installed, but no tree in the water. But I have these strange matt textures in the water.
I have also uninstalled, restarted the PC and reinstalled EGLC via Orbx Central, for me it is version 1.02.
Nevertheless, I still have these strange textures in the water as shown in the picture above by Seatbose80.
Will there be an update? It really doesn't look nice.
Note: I have also installed the London City Pack.