WATERCO LIMITED — Director's Dealing 2008

Dec 21, 2008

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity WATERCO LIMITED ABN 62 002 070 733

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	BRUCE LEITCH
Date of last notice	1 December 2008

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	DIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	22 December 2008
No. of securities held prior to change	108,000 options - Bruce Leitch (direct) 383,563 shares – Leitch Super Fund (indirect) 70,550 shares – BJ Services P/L (indirect) 61,388 shares– BruceLeitch(direct)
Class	ORDINARY SHARES
Number acquired	18,518 ord shares acquired by Leitch Super Fund
Number disposed	18,518 ord shares disposed by B J Services P/L
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$9,999.72
No. of securities held after change	108,000 options - Bruce Leitch (direct) 402,081 shares – Leitch Super Fund (indirect) 52,032 shares – BJ Services P/L (indirect) 61,388 shares – Bruce Leitch (direct)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	OFF MARKET TRADE

• See chapter 19 for defined terms.

Appendix 3Y Page 1

11/3/2002

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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……………………………… Director

22 December 2008

• See chapter 19 for defined terms.

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11/3/2002