WATERCO LIMITED — Major Shareholding Notification 2008

Oct 7, 2008

604 page 1/1 July 2000

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To: Company Waterco Limited Name/Scheme ACN/ARSN 002 070 733

1. Details of substantial holder (1)

Name SS Goh Group (see paragraph 6) ACN\ARSN (if applicable)

There was a change in the interests of the substantial holder on 30 Sept 2008 and 2 Oct 2008

The previous notice was given to the company on 1 July 2008 The previous notice was dated 1 July 2008

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Class of securities (4)	Class of securities (4)		Previous notice	Previous notice		Present notice	Present notice
				Person’s votes		Voting	Person’s votes		Voting power (5)
						power(5)
	Ordinary Shares			14,075,693		49.3029%	13,471,943		47.194%
	Changes in relevant interests
	rticulars of each	change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting
	curities of the company or scheme,			since the substantial holder was		last required to give a substantial holding notice to the company
	scheme, are as follows:
	Date of	Person whose			Nature of change (6)	Consideration given in		Class and		Person’s votes
	change	relevant interest				relation to change (7)		number of		affected
		changed						securities
								affected
	30 Sept 2008	Mint Holdings	Pty		Ordinary shares	$380,000		475,000		475,000
		Ltd			disposed on-market			ordinary
					by Mint Holdings Pty			shares
					Ltd

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme, are as follows:

					604	page 2/1	page 2/1	July2000
	2 Oct 2008	GSS Holdings Pty	141,250 ordinary	Distribution in specie	141,250		141,250
		Ltd	shares acquired -	Value - $113,000	ordinary
			distribution in specie		shares
			of ordinary shares
			ref interim dividend
			payment by Mint
			Holdings Pty Ltd
			* (i)
	2 Oct 2008	Soon Sinn Goh	180,000 ordinary	Distribution in specie	180,000		180,000
			shares acquired -	Value - $144,000	ordinary
			distribution in specie		shares
			of ordinary shares
			ref interim dividend
			payment by Mint
			Holdings Pty Ltd
			* (ii)
	30 Sept 2008	Mint Holdings Pty	Ordinary shares –	Distribution in specie	450,000		450,000
		Ltd	In specie distribution	Value - $360,000	ordinary
			by Mint Holdings Pty		shares
			Ltd ref interim
			dividend paid by
			Mint Holdings Pty
			Ltd to its members
			( * including the
			shares referred to in
			(i)&(ii)above)
	Present relevant interests
	rticulars of each	relevant interest of the substantial holder in voting securities after the change are as follows:

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

	Holder of	Registered holder of	Person entitled to be	Nature of relevant	Class and	Person’s votes
	relevant	securities	registered as holder	interest (6)	number of
	interest		(8)		securities
	SS Goh	GSS Holdings Pty Ltd	GSSH	GSSH - holder; others	10,770,359	10,770,359
	Group	(GSSH)		- s608(3)	ord shares
	SS Goh	Mint Holdings Pty Ltd	Mint	Mint - holder; others -	105,409 ord	105,409
	Group	(Mint)		s608(3)	shares
	SS Goh	Goh Lai Huat & Sons	GLH	GLH - holder; others -	600,000 ord	600,000
	Group	Sdn Bhd (GLH)		s608(3)	shares
	SS Goh	S S Goh	S S Goh	Holder	1,696,175 ord	1,696,175
					shares
	SS Goh	GSS Holdings Sdn Bhd	GSSH S/B	GSSH S/B – holder,	300,000 ord	300,000
	Group	(GSSH S/B)		Others - S608(3)	shares

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

604 page 3/1 July 2000 Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

The addresses of the persons named in this form are as follows:

	Name	Name	Address
	Soon Sinn Goh		PH 142 Nadia No: 10 Jalan Persiaran Residence, Desa Park City 52200 Kuala Lumpur,Malaysia
	GSS Holdings Pty Ltd ACN 002 055 245 and Mint Holdings Pty Ltd ACN 002 055 165		36 South Street, Rydalmere NSW 2116
	Goh Lai Huat & Sons Sdn Bhd and GSS Holdings Sdn Bhd		Lot 832, Jalan Kusta Kawasan Perindustrian SB Jaya 47000, Sungai Buloh, Selangor Darul Ehsan, Malaysia
		Mr Soon Sinn Goh capacity Substantial Shareholder
Signature print name sign here
		date 7thOct 2008