WATERCO LIMITED — Director's Dealing 2008

Dec 18, 2008

Rule 3.19A.2

Appendix 3Y Change of Director’s Interest Notice

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 SOON SINN GOH Date of last notice 3[rd] October 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

Direct or indirect interest	1. INDIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to therelevantinterest.	Indirect – GSS HOLDINGS PTY LTD – Director has power and control over voting and disposal of shares.
Date of change	18thDec 2008
No. of securities held prior to change	DIRECT - 1,696,175 ORDINARY SHARES FULLY PAID INDIRECT - 10,770,359 ORDINARY SHARES FULLY PAID HELD UNDER GSS HOLDINGS PTY LTD INDIRECT - 600,000 ORDINARY SHARES FULLY PAID HELD UNDER GOH LAI HUAT & SONS SDN BHD INDIRECT - 105,409 ORDINARY SHARES FULLY PAID HELD UNDER MINT HOLDINGS PTY LTD INDIRECT – 300,000 ORDINARY SHARES FULLY PAID HELD UNDER GSS HOLDINGS SDN BHD
Class	ORDINARY SHARES FULLY PAID
Number acquired	475,163 ORDINARY SHARES ALLOTTED TO GSS HOLDINGS PTY LTD – INDIRECT – UNDER THE WATERCO DIVIDEND REINVESTMENT PLAN
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$323,110.84
No. of securities held after change	DIRECT - 1,696,175 ORDINARY SHARES FULLY PAID

1

	INDIRECT - 11,245,522 ORDINARY SHARES FULLY PAID HELD UNDER GSS HOLDINGS PTY LTD INDIRECT - 600,000 ORDINARY SHARES FULLY PAID HELD UNDER GOH LAI HUAT & SONS SDN BHD INDIRECT - 105,409 ORDINARY SHARES FULLY PAID HELD UNDER MINT HOLDINGS PTY LTD INDIRECT - 300,000 ORDINARY SHARES FULLY PAID HELD UNDER GSS HOLDINGS SDN BHD
Nature of change	SHARES ALLOTTED UNDER THE WATERCO DIVIDEND REINVESTMENT PLAN
Part 2– Change of director’s interests in contracts
Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
No. and class of securities to which interest relates Note: Details are only required for a contract in relationto whichtheinteresthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

==> picture [77 x 37] intentionally omitted <==

Director

Date: 19[th ] December 2008

2