WATERCO LIMITED — Major Shareholding Notification 2009

Nov 26, 2009

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Waterco Limited

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

1. Details of substantial holder (1)

SS Goh Group (see paragraph 6)

Name CAN\ARSN (if applicable)

There was a change in the interests of the substantial holder on: 25[th] Nov 2009

The previous notice was given to the company on:

29[th] Oct 2009

The previous notice was dated: 30[th] Oct 2009

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:

are as follows:
Class ofsecurities (4)	Previousnotice		Presentnotice
Ordinary Shares	Person's votes 14,396,927	Voting power (5) 48.376%	Person's votes 15,096,927	Voting power (5) 50.73%

3. Changes in relevant interests

Particulars of each change in, or change in the name 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:

Date of change	Person whose relevant interest changed	Name of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person’s votes affected
25thNov 09	Soon Sinn Goh	Off market acquisition	$630,000.00	700,000 ord shares	700,000

4. Present relevant interest

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

are as follows:
Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder(8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
SS Goh Group	Mint Holdings Pty Ltd (Mint)	Mint	Mint – holder; others – S608(3)	105,409 ord shares	105,409
SS Goh Group	Goh Lai Huat & Sons Sdn Bhd (GLH)	GLH	GLH – holder; others – S608(3)	600,000 ord shares	600,000
S S Goh	S S Goh	Soon Sinn Goh	Holder	14,091,518	14,091,518
S S Goh Group	GSS Holdings Sdn Bhd (GSSHS/B)	GSSH S/B	GSSH S/B – holder; others –S608(3)	300,000 ord shares	300,000

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:

Name and ACN/ARSN (if applicable) Nature of association

6. Addresses

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

Name	Address
Soon Sinn Goh	PH 142 Nadia No: 10 Jalan Persiaran Residence, Desa Park City 52200, Kuala Lumpur Malaysia
Mint Holdings Pty Ltd ACN 002 055 163	36 South Street, Rydalmere, NSW 2116
Goh Lai Huat & Sons Sdn Bhd	Lot 832, Jalan Kusta Kawasan Perindustrian SB Jaya 47000 Sungai Buloh, Selangor Darul Ehsan Malaysia
GSS Holdings Sdn Bhd	Lot 832, Jalan Kusta Kawasan Perindustrian SB Jaya 47000 Sungai Buloh, Selangor Darul Ehsan Malaysia

Signature

Print name: Mr Soon Sinn Goh

==> picture [108 x 45] intentionally omitted <==

Sign here:

Capacity: Substantial Shareholder

Date: 27[th] Nov 2009

Directions

• (1) If there are a number of substantial holders with similar or related relevant interest (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) Any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) Any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person form whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg if the relevant interest arises because of an option) write “unknown”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.