WATERCO LIMITED — Director's Dealing 2011

Jun 5, 2011

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 17 DECEMBER 2010

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	The Norman Superannuation Fund – investments made by the fund.
Date of change	03/06/2011
No. of securities held prior to change	The Norman Superannuation Fund – Indirect 137,682 ordinaryshares.
Class	Ordinary
Number acquired	1,709
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$2,000.00
No. of securities held after change	The Norman Superannuation Fund – Indirect 139,391 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.

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

Part 3 – Closed period

Were the interests in the securities or contracts detailed above, traded during a closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

Director: Garry Robert Norman Date: 3 June 2011

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