WATERCO LIMITED — Director's Dealing 2008

Feb 4, 2008

Rule 3.19A.2

Appendix 3Y Change of Director’s Interest Notice

Name of Entity WATERCO LTD

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 19 October, 2007

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	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	1 February, 2008
No. of securities held prior to change	-258,713 shares – Leitch Super Fund (indirect) -195,400 shares – BJ Services Pty Ltd (indirect) - 61,388 shares – Bruce Leitch (direct)
Class	ORDINARY SHARES
Number acquired	- 10,000 shares – Leitch Super Fund (indirect)
Number disposed	- 10,000 shares – BJ Services Pty Ltd (indirect)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$9,500.00

No. of securities held after change	-268,713 shares – Leitch Super Fund (indirect) -185,400 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

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

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………………………… Director 5 February, 2008