SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM)                         PRINTED: 02/01/03  PAGE:   1
                                                        DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
                                                            (GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)

 STOCK NAME : Wafer Systems                  (08198)

       Director/Chief Executive        G/E     Class                 Company Name                 Quantity       Exercise Period   Ex. Price  Consideration       Note
 ------------------------------------  --- ---------------  -------------------------------  ------------------  ---------------  ---------- ---------------  -----------
 CHAN SEK KEUNG RINGO                   G  ORD              WAFER SYSTEMS LIMITED                   3,000,000                         0.550                1             

                                                                     *****  END OF REPORT  *****

NOTE

N1     Please refer to the Company's announcement of 30 December 2002.