WATERCO LIMITED — Director's Dealing 2008

Oct 2, 2008

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 1 July 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 Direct and indirect

Direct or indirect interest	Direct and indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect – GSS HOLDINGS PTY LTD – Director has power and control over voting and disposal of shares. Indirect – MINT HOLDINGS PTY LTD – Director has power and control over voting and disposal of shares.
Date of change	30 September - 2 October 2008
No. of securities held prior to change	Direct - 1,516,175 ordinary shares fully paid Indirect - 10,629,109 ordinary shares fully paid held by GSS Holdings Pty Ltd Indirect - 600,000 ordinary shares fully paid held by Goh Lai Huat & Sons Sdn Bhd Indirect - 1,030,409 ordinary shares fully paid held by Mint Holdings Pty Ltd Indirect - 300,000 ordinary shares fully paid held by GSS Holdings Sdn Bhd
Class	Ordinary shares fully paid
Number acquired	1. Direct – distribution in specie of 180,000 ordinary shares to Soon Sinn Goh ref interim dividend payment by Mint Holdings Pty Ltd 2. Indirect –distribution in specie of 141,250 ordinary shares to GSS Holdings Pty Ltd ref interim dividend payment by Mint Holdings Pty Ltd
Number disposed	3. Indirect – 475,000 ordinary shares disposed on- market by Mint Holdings Pty Ltd 4. Indirect – distribution in specie of 450,000 ordinary shares in Waterco Limited by Mint Holdings Pty Ltd ref interim dividend payment by Mint Holdings Pty Ltd to its members (including the shares referred to in 1 and 2 above)

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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	1. $144,000.00 – distribution in specie 2. $113,000.00 – distribution in specie 3. $380,000.00 4. $360,000.00 – distribution in specie
No. of securities held after change	Direct - 1,696,175 Ordinary Shares Fully Paid Indirect - 10,770,359 Ordinary Shares Fully Paid held by GSS Holdings Pty Ltd Indirect - 600,000 Ordinary Shares Fully Paid held by Goh Lai Huat & Sons Sdn Bhd Indirect – 105,409 Ordinary Shares Fully Paid held by Mint Holdings Pty Ltd Indirect - 300,000 Ordinary Shares Fully Paid held by GSS Holdings Sdn Bhd
Nature of change	1. 180,000 Ordinary Shares acquired by Soon Sinn Goh – in specie distribution by Mint Holdings Pty Ltd 2. 141,250 Ordinary Shares Acquired By GSS Holdings Pty Ltd – in specie distribution by Mint Holdings Pty Ltd 3. 475,000 Ordinary Shares disposed on market by Mint Holdings Pty Ltd 4. 450,000 Ordinary Shares - in specie distribution by Mint Holdings Pty Ltd (including the shares referred to in 1 and 2 above)

Part 2 – Change of director’s interests in contracts

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 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

Date: 3 October 2008

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