WATERCO LIMITED — Director's Dealing 2009

Dec 20, 2009

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 GARRY ROBERT NORMAN

Date of last notice 18 SEPTEMBER 2009

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to therelevantinterest.	The Norman Superannuation Fund – investments made by the fund.
Date of change	18/12/2009
No. of securities held prior to change	The Norman Superannuation Fund – Indirect 132,289 ordinary shares.
Class	Ordinary
Number acquired	1,745
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$ 1,500.00
No. of securities held after change	The Norman Superannuation Fund – Indirect 134,034 ordinary shares.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	Issue of securities under dividend reinvestment plan.

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Detail of contract Nature of interest Name of registered holder (if issued securities) 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 Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Garry Robert Norman Director

Date

21 December 2009