WATERCO LIMITED — Director's Dealing 2008

Aug 14, 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	18 June, 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	INDIRECT AND DIRECT
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	LEITCH SUPER FUND and BJ SERVICES PTY LTD DIRECTOR HAS POWER AND CONTROL OVER VOTING AND DISPOSAL OF SHARES
Date of change	11 August, 2008
No. of securities held prior to change	336,243 shares – Leitch Super Fund (indirect) 117,870 shares – BJ Services P/L (indirect) 61,388 shares–Bruce Leitch (direct)
Class	ORDINARY SHARES
Number acquired	20,289 shares – Leitch Super Fund (indirect)
Number disposed	20,289 shares – BJ Services P/L (indirect)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$13,999.41
No. of securities held after change	356,532 shares – Leitch Super Fund (indirect) 97,581 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 TRANSFER

• 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

14 August, 2008

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002