ASIA WATER TECHNOLOGY LTD.: NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

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 *	Lester Tay Lee Chye
Designation *	Company Secretary
Date & Time of Broacast	13-Aug-2007 20:12:21
Announcement No.	00278
Price Sensitivity	No

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	13/08/2007
2. Name of Director *	Wang Yaoyu
3. Please tick one or more appropriate box(es): *
- Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> Part II
1. Date of change of Interest	13/08/2007
2. Name of Registered Holder	Wang Yaoyu
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	Grant of share options.
4. Information relating to shares held in the name of the Registered Holder
No. of Options held before the change	0
As a percentage of issued share capital	0 %
No. of Options which are subject of this notice	1,364,000
As a percentage of issued share capital	4.62 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0.665
No. of Options held after the change	1,364,000
As a percentage of issued share capital

>> Part III
1. Date of change of [Select Option]
2. The change in the percentage level	From % to %
3. Circumstance(s) giving rise to the interest or change in interest	[Select Option]
# Please specify details
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions

>> Part IV
1. Holdings of Director, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	0
As a percentage of issued share capital	0 %	0 %
No. of shares held after the change	1,364,000	0
As a percentage of issued share capital	4.62 %	0 %

Footnotes

(i) Parts II & IV relate to information on share options. (ii) As a percentage (before and after the change) under Parts II & IV is calculated based on the maximum number of options available under Asia Water Share Option Scheme = 29,520,593 options. (iii) As at 13 August 2007, Mr Wang Yaoyu is interested in (a) 1,486,400 shares in the Company; and (b) 371,600 warrants in the company.