ASIA WATER TECHNOLOGY LTD.: NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	ASIA WATER TECHNOLOGY LTD.
Company Registration No.	200210042R
Announcement submitted on behalf of	ASIA WATER TECHNOLOGY LTD.
Announcement is submitted with respect to *	ASIA WATER TECHNOLOGY LTD.
Announcement is submitted by *	Liu Yujie
Designation *	Executive Director
Date & Time of Broacast	10-May-2012 22:21:36
Announcement No.	00192
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	10/05/2012
2. Name of Substantial Shareholder *	Chedington Limited
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Interest	09/05/2012
2. The change in the percentage level	From 5.91 % to 2.92 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Sale of shares pursuant to the Sale and Purchase Agreement dated 8 May 2012.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change in the percentage level is the result of a transaction.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	295,378,438
As a percentage of issued share capital	0 %	5.91 %
No. of shares held after the change	0	147,689,219
As a percentage of issued share capital	0 %	2.92 %

Footnotes

Chedington Limited is deemed to be interested in the shares held by Litebay Pte. Ltd. in the Company as Chedington Limited owns 100% issued and paid-up share capital of Litebay Pte. Ltd. The percentage level (before the change) is calculated based on the Company's share capital of 5,000,687,517 as at 28 December 2011. The percentage level (after the change) is calculated based on the Company's total number of issued shares of 5,055,947,517 as at 10 May 2012. This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited, for compliance with the relevant rules of the Exchange. The Company's Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr. Ong Hwee Li (Tel: [phone]) at 79 Anson Road #15-03 Singapore 079906.