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<SEC-DOCUMENT>0000950144-07-008763.txt : 20070921
<SEC-HEADER>0000950144-07-008763.hdr.sgml : 20070921
<ACCEPTANCE-DATETIME>20070921170517
ACCESSION NUMBER:		0000950144-07-008763
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070919
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070921
DATE AS OF CHANGE:		20070921

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		071129892

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g09612e8vk.htm
<DESCRIPTION>CONSOLIDATED WATER CO. LTD.
<TEXT>
<HTML>
<HEAD>
<TITLE>Consolidated Water Co. Ltd.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES</B>
</DIV>

<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>

<DIV align="center" style="font-size: 10pt">CURRENT REPORT</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 18pt">PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">September&nbsp;19, 2007<BR>
(Date of earliest event reported)
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CONSOLIDATED WATER CO. LTD.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Cayman Islands, B.W.I.
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">000-25248
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Not Applicable</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of <BR>
incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The Regatta Office Park<BR>
Windward Three, 4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Floor<BR>
West Bay Road, P.O Box 1114<BR>
Grand Cayman KY1-1102<BR>
Cayman Islands<BR>
(Address of Principal Executive Offices)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(345)&nbsp;945-4277<BR>
(Registrant&#146;s telephone number, including area code)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Not Applicable<BR>
(Former Name or Former Address, if Changed Since Last Report)
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instructions A.2. below):</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</TD>
</TR>
</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.01 Other Events.</B>
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">On September&nbsp;19, 2007, RFD Holdings Ltd. (&#147;RFD&#148;), an investment vehicle controlled by Jeffrey M.
Parker, Chairman of the Board of Directors of Consolidated Water Co. Ltd., a Cayman Islands
corporation (the &#147;Company&#148;), established a stock trading plan, intended to qualify for the safe
harbor under Rule&nbsp;10b5-1 under the Securities Exchange Act of 1934, as amended. RFD&#146;s plan
authorizes the sale of a maximum of 50,000 ordinary shares of the Company at the rate of 2,000
shares per week at not less than $30 per share. If the entire 2,000 shares are not sold in any
given week, the shortfall can be sold as soon as practicable during the immediately succeeding
weeks. The plan is expected to be in effect for one year, commencing September&nbsp;24, 2007. Mr.
Parker has informed the Company that any sales pursuant to this plan will comply with Rule&nbsp;144 and
has represented to the Company that he has no knowledge of any material non-public information
regarding the Company when he adopted his plan. A copy of RFD&#146;s plan is attached to this Form 8-K
as Exhibit&nbsp;99.1.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits</B>.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Exhibits.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Title</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sales Plan RFD Holdings Ltd. dated September&nbsp;19, 2007.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Press Release</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CONSOLIDATED WATER CO. LTD.<BR><BR><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Frederick W. McTaggart
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Frederick W. McTaggart&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Date:
September&nbsp;21, 2007
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sales Plan for RFD Holdings Ltd. dated September&nbsp;19, 2007.</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">99.2</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Press Release</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>g09612exv99w1.htm
<DESCRIPTION>EX-99.1 SALES PLAN FOR RFD HOLDINGS LTD.
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1 Sales Plan for RFD Holdings Ltd.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>Sales Plan</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales
Plan, dated September&nbsp;19, 2007 (the &#147;Sales Plan&#148;), between R F D Holdings Ltd.
(&#147;Seller&#148;) and Crowell, Weedon &#038; Co. (&#147;Broker&#148;). The purpose of this Sales Plan is to achieve the
investment objectives of broader diversification of investments, while reducing the risk of over
concentration in a particular investment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>RECITALS</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Seller desires to establish this Sales Plan to sell ordinary shares (the &#147;Stock&#148;) of
Consolidated Water Co. Ltd. (the &#147;Issuer&#148;); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Seller desires to sell a total of 50,000 shares of Stock at not less than $30.00 per
share (the &#147;Total Plan Shares&#148;); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Seller desires to engage Broker to effect sales of shares of Stock in accordance with
the Sales Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, Seller and Broker hereby agree as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>A.&nbsp;IMPLEMENTATION OF THE SALES PLAN</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Subject to Paragraph&nbsp;A.7., Broker shall effect sales (each a &#147;sale&#148;) as provided herein.
Beginning on September&nbsp;24, 2007 and thereafter during each calendar week commencing on each Monday
(&#147;Trade Week&#148;), a limit order for 2,000 shares of Stock (or, if less than the Total Plan Shares
remain, such remaining amount) will be placed. If, consistent with ordinary principles of best
execution or for any other reason, Broker cannot sell any or all of the 2,000 shares of Stock
during the Trade Week, then the amount of such shortfall shall be sold as soon as practicable on
the immediately succeeding weeks.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Seller acknowledges and agrees that Broker will handle the above order on a best efforts
basis. In the event any limit prices of orders are away from the prevailing market prices at any
time, there can be no assurance that such orders will be executed in whole or in part. Seller
agrees that all orders may be partially executed and will not be treated as an all or none order.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Seller has deposited 50,000 shares of Stock into a brokerage account (the &#147;Account&#148;).
Broker shall withdraw Stock from Seller&#146;s Account in order to effect sales of Stock under this
Sales Plan. If in any week that sales are to be made under this Sales Plan the number of shares of
Stock in Seller&#146;s Account is less than the number of shares to be sold in such week, then Broker
shall notify Seller promptly of such deficiency, and Seller agrees to promptly deposit into the
Account the number of shares of Stock necessary to eliminate such deficiency.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;Subject to Paragraph&nbsp;A.10., Seller agrees not to remove or transfer shares of Stock out of
the Account. Upon notification pursuant to Paragraph&nbsp;A.10., Seller shall have the right to
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">remove the portion of the Total Plan Shares subject to such Private Sale or Gift from Seller&#146;s
Account.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;To the extent that any Stock remains in Seller&#146;s Account upon termination of this Sales
Plan, if requested to do so by seller, Broker agrees to return such Stock promptly to the Issuer&#146;s
transfer agent for relegending to the extent that such Stock would then be subject to transfer
restrictions in the hands of Seller.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;Broker will deduct its reasonable and customary commissions from the proceeds of sales of
Stock under this Sales Plan, together with any other expenses incurred by Broker in connection with
such sales.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;Subject to Paragraph&nbsp;E.6., this Sales Plan shall become effective on September&nbsp;24, 2007
(&#147;Effective Date&#148;) and shall terminate on the earliest of one year from the Effective Date, the
date on which the Total Plan Shares have been sold, the date this Sales Plan is terminated pursuant
to Paragraph&nbsp;E.3, on the date of a public announcement of a merger, recapitalization acquisition,
tender or exchange offer, or other business combination or reorganization resulting in the exchange
or conversion of the shares of the Issuer into shares of a company other than the Issuer or on the
conversion of the shares of Stock of the Issuer into rights to receive fixed amounts of cash or
into debt securities and/or preferred stock (whether in whole or in part).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;Seller acknowledges and agrees that he does not have authority, influence or control over
any sales of Stock effected by Broker pursuant to this Sales Plan, and will not attempt to exercise
any authority, influence or control over such sales. Broker agrees not to seek advice from Seller
with respect to the manner in which it effects sales under this Sales Plan. Seller understands that
Broker shall have discretion as to the timing of the sales of Stock within each calendar week.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;Seller will be notified of all transactions pursuant to customary trade confirmations that
are provided in the normal course of business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;Seller agrees that he will notify Broker as soon as possible in the event he consummates a
private sale of any portion of the Total Plan Shares to the Issuer (a &#147;Private Sale&#148;) or makes a
bona fide gift of any portion of the Total Plan Shares (a &#147;Gift&#148;). Seller agrees that in the event
that any sale of a portion of the Total Plan Shares by Broker pursuant to this Sales Plan, when
combined with a Private Sale or a Gift, results in the sale of Stock in excess of the Total Plan
Shares, Seller shall be responsible for delivering additional Stock to Broker to cover the excess
number of shares sold.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Seller understands that Broker may not be able to effect a sale due to a market disruption
or a legal, regulatory or contractual restriction applicable to Broker, an insufficient number of
shares of Stock being in the Account or a pending sale under this Sales Plan causing Seller to
exceed any applicable volume limitations of Rule&nbsp;144 or 145 under the Securities Act of 1933 (the
&#147;Securities Act&#148;). If any sale cannot be executed as required by Paragraph&nbsp;A.1. due to a market
disruption, a legal, regulatory or contractual restriction applicable to Broker or any
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">other such event, Broker shall effect such sale as promptly as practical after the cessation or
termination of such market disruption, applicable restriction or other event, or, at the discretion
of Broker, the Sales Plan may be terminated.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;It is the intent of the parties that this Sales Plan comply with the requirements of Rule
10b5-1(c)(1)(i)(B) under the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) and this Sales
Plan shall be interpreted to comply with the requirements of Rule&nbsp;10b5-1(c).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;All numbers of shares specified in Section&nbsp;A.1. shall be adjusted automatically on a
proportionate basis to take into account any stock split, reverse stock split or stock dividend
with respect to the Stock or if any similar type of change in capitalization with respect to the
Stock becomes effective during the Sales Plan period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>B.&nbsp;RULES 144 AND 145</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following three paragraphs shall only apply to the extent Seller is subject to Rules&nbsp;144
and 145.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Broker agrees to conduct all sales in accordance with the manner of sale requirement of
Rule&nbsp;144 or 145 under the Securities Act, and in no event shall Broker effect any such sale if such
sale would exceed the then applicable volume limitation under Rule&nbsp;144, assuming Broker&#146;s sales
under this Sales Plan and those notified to Broker pursuant to Paragraph&nbsp;B.3. are the only sales
subject to that limitation. Seller will be responsible for completing and filing all required Form
144&#146;s prior to the sale of any Stock covered under Rule&nbsp;144. Seller agrees to promptly provide
Broker with a copy of any Form&nbsp;144 filing made by Seller. In the event Seller requests, and Broker
agrees, in writing, to make certain Form&nbsp;144 filings, Seller hereby appoints Broker as agent and
attorney-in-fact to execute, file and submit, on behalf of Seller, any such required Form&nbsp;144&#146;s.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Each such Form&nbsp;144 shall state in the &#147;Remarks&#148; section that the sales thereunder are being
made pursuant to a previously adopted plan intended to comply with Rule&nbsp;10b5-1(c), shall include
the date Seller adopted this Sales Plan and shall indicate that the representation regarding
Seller&#146;s knowledge of material information speaks as of the adoption date of this Sales Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Seller agrees not to take any action that would cause the sales not to comply with Rule&nbsp;144
or 145, and Seller agrees not to cause any person or entity with which Seller would be required to
aggregate sales of Stock pursuant to paragraph (a)(2) or (e)&nbsp;of Rule&nbsp;144 to take any action that
would cause the sales not to comply with Rules&nbsp;144 or 145. Seller will provide notice of any such
transactions during the three months preceding the date hereof and may not enter into any other
selling program or transaction without the prior consent of Broker.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>C.&nbsp;REPRESENTATIONS AND AGREEMENTS OF SELLER</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Seller represents and warrants that as of the time of execution of this Sales Plan, Seller:
(a)&nbsp;is not aware of material, nonpublic information with respect to the Issuer or any securities of
the Issuer (including the Stock) and, (b)&nbsp;is entering into this Sales Plan in good faith and not as
part of a plan or scheme to evade the prohibitions of Rule&nbsp;10b5-1 under the Exchange Act or other
applicable securities laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;At the time of Seller&#146;s execution of this Sales Plan, Seller has not entered into or
altered a corresponding or hedging transaction with respect to the Stock. Seller agrees not to
enter into any such transaction while this Sales Plan remains in effect.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Seller agrees to make all filings, if any, required under and monitor his compliance with
Sections&nbsp;13(d), 13(g) and 16 of the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;Except as provided in Paragraph&nbsp;B.1., Seller acknowledges and agrees that Broker has no
duty to determine whether Sellers have violated Rules&nbsp;144 or 145 under the Securities Act, or
Sections&nbsp;13(d), 13(g) or 16 of the Exchange Act or the rules adopted by the SEC thereunder. Seller
understands that this Plan in no way alters his obligations and responsibilities under Section&nbsp;16,
including those prohibitions against short swing profits.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Seller understands that there may be specific state law restrictions or limitations
applicable to this Sales Plan. Seller acknowledges and agrees that Broker has not provided Seller
with any tax, accounting or legal advice. Seller understands that he should seek the advice of
counsel regarding this Sales Plan and the various securities and tax law issues related thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;Seller agrees to notify Broker immediately in the event of trading restrictions being
imposed as the result of any lock up event restricting sales by affiliates, such as a stock
offering, tender offer or acquisition transaction.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;Seller represents and warrants that he is able to sell shares of Stock, as contemplated by
this Sales Plan, in accordance with the Issuer&#146;s insider trading policies and Seller has obtained
the acknowledgement of the Issuer to enter into this Sales Plan. Seller further represents and
warrants that the Stock is not subject to any liens, security interests or other impediments to
transfer (except for limitations imposed by Rules&nbsp;144 or 145, if applicable).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>D.&nbsp;INDEMNIFICATION AND LIMITATION ON LIABILITY</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;Seller agrees to indemnify and hold harmless Broker and its directors, officers, employees
and affiliates from and against all claims, losses, damages and liabilities (including without
limitation, any legal or other expenses reasonably incurred in connection with defending or
investigating any such action or claim) arising out of or attributable to Broker&#146;s actions taken or
not taken in compliance with this Sales Plan or arising out of or attributable to any breach by
Seller of this Sales Plan (including Seller&#146;s representations and warranties hereunder) or any
violation by Seller of applicable laws or regulations. Seller will not be liable under the
foregoing
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-4-<!-- /Folio -->
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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">sentence to the extent that any claim, loss, damage or liability is found in a final judgement
by a court to have resulted from the bad faith, gross negligence or willful misconduct of Broker or
its directors, officers, employees or affiliates. This indemnification shall survive termination of
this Sales Plan.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;Notwithstanding any other provision hereof, Broker shall not be liable to Seller for: (a)
special, indirect, punitive, exemplary or consequential damages, or incidental losses or damages of
any kind, even if advised of the possibility of such losses or damages or if such losses or damages
could have been reasonably foreseen; or (b)&nbsp;any failure to perform or to cease performance or any
delay in performance that results from a cause or circumstance that is beyond its reasonable
control, including but not limited to failure of electronic or mechanical equipment, strikes,
failure of common carrier or utility systems, severe weather, market disruptions or other causes
commonly known as &#147;acts of God&#148;.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>E.&nbsp;GENERAL</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;This Sales Plan shall be governed by and construed in accordance with the laws of the State
of Delaware without reference to choice of law principles and may be modified or amended only by a
writing signed by the parties hereto and acknowledged by the Issuer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;This Sales Plan shall be subject to all terms and conditions governing Seller&#146;s Account,
including the Account Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;Notwithstanding anything to the contrary herein, Seller and/or Issuer may notify Broker to
terminate this Sales Plan. Seller may also notify Broker to modify sales under this Sales Plan;
provided, however, that such modification shall not be effective until 7&nbsp;days after the
notification thereof. Any such modification or termination shall be made in good faith and not as a
part of a plan or scheme to evade the prohibitions of Rule l0b5-1 or other applicable securities
laws. Seller agrees that he will not modify this Sales Plan at any time that he is aware of any
material non-public information about the Issuer and/or the Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;All notices to Broker under this Sales Plan shall be given to Broker&#146;s office by facsimile
at (213)&nbsp;244-9388 or by certified mail at One Wilshire Boulevard, Los Angeles, California 90017.
Attention: Neil Berlant. Upon termination or suspension of this Sales Plan, Broker will send
notice to Seller and Issuer to the address provided below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;Seller&#146;s rights and obligations under this Sales Plan may not be assigned or delegated
without the written permission of Broker.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;This Sales Plan shall not be effective until executed by Seller and Broker, and
acknowledged by Issuer. This Sales Plan may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures thereto were upon the same
instrument.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->-5-<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt">Witness
the following signatures for the Sales Plan, dated as of
September&nbsp;19, 2007 between R F D
Holdings Ltd. and Crowell, Weedon &#038; Co.:</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: R F D Holdings Ltd.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;19, 2007</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Jeffrey M. Parker</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: Director</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Jeffrey M. Parker&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: Crowell, Weedon &#038; Co.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;21, 2007</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
James L. Cronk</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
Director of Operations and Partner</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James L. Cronk&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Acknowledged:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: Consolidated Water Co. Ltd.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;19, 2007</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name: Frederick W. McTaggart</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: President</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Address:
Box 1114, Grand Cayman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
KYI-
1102 Cayman Islands</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Frederick W. McTaggart&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-6-<!-- /Folio -->
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SCHEDULE A</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Communications required by the Plan shall be made to the following persons in accordance with<BR>
Section&nbsp;A.9. of such Plan:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="44%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-left: 3px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
              <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>To Seller:</B>
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 2px solid #000000">Name: Jeffrey M. Parker<BR>
R F D Holdings Ltd.<BR>
Address: P. O. Box 30749 <BR>
Grand Cayman KY1-1203<BR>
Cayman Islands, B.W.I. <BR>
Telephone: 345 945 8883<BR>
Fax: 345 945 8885 <BR>
Email: <U>jeffp@candw.ky</U></TD>
    <TD width="1%" style="border-right: 3px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 3px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>To Issuer</B>:
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 2px solid #000000"><B>To Outside Counsel</B>: <BR>
Name: Leslie J. Croland, P.A.<BR>
Edwards Angell Palmer &#038; Dodge LLP <BR>
Address: 350 East Las Olas Blvd.<BR>
Suite&nbsp;1150<BR>
Ft. Lauderdale, FL 33301-4215<BR>
Telephone: 954-667-6129 <BR>
Fax: 954-727-2601 <BR>
E-Mail: <U>Lcroland@eapdlaw.com</U></TD>
    <TD width="1%" style="border-right: 3px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD width="1%" style="border-left: 3px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD valign="top" style="border-top: 2px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>To Broker</B>:
</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 2px solid #000000">Name: Neil Berlant<BR>
Crowell, Weedon &#038; Co.<BR>
Address: One Wilshire Blvd.<BR>
Los Angeles, CA 90017<BR>
Telephone: (213)&nbsp;244-9245 <BR>
Fax: (213)&nbsp;244-9388<BR>
Email: <U>nberlant@crowellweedon.com</U></TD>
    <TD width="1%" style="border-right: 3px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="6" style="border-top: 3px solid #000000">&nbsp;</TD>
</TR>

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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->-7-<!-- /Folio -->
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>g09612exv99w2.htm
<DESCRIPTION>EX-99.2 PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.2 Press Release</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 99.2</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>For Immediate Release </U>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 18pt"><B>Affiliate of Consolidated Water<BR>
Adopts 10b5-1 Stock Trading Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GEORGE TOWN, Grand Cayman, Cayman Islands (September&nbsp;21, 2007). Consolidated Water Co. Ltd.
(NASDAQ Global Select Market: &#147;CWCO&#148;) today announced that it has been advised that RFD Holdings
Ltd., an investment vehicle controlled by Jeffrey M. Parker, the Company&#146;s Chairman of the Board,
has established a stock trading plan intended to qualify for the safe harbor under Rule&nbsp;10b5-1
under the Securities Exchange Act of 1934 (the &#147;Plan&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Plan, RFD may sell up to 50,000 ordinary shares at the rate of 2,000 shares per week at
not less than $30 per share. If the entire 2,000 shares are not sold in any given week, the
shortfall can be sold as soon as practicable during the immediately succeeding weeks. The Plan is
expected to be in effect for one year, commencing September&nbsp;24, 2007.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transactions under the Plan will commence no earlier than September&nbsp;24, 2007 and will be
disclosed publicly through Form&nbsp;144 filings with the Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule&nbsp;10b5-1 allows insiders to enter into a written, pre-arranged stock trading plan at a time when
an insider is not in possession of material, non-public information. Under these plans, insiders
can gradually diversify their investment portfolios, reduce any significant market impact by
spreading stock trades over an extended period of time, and avoid concerns as to whether the
insiders were in possession of material, non-public information when the stock was sold.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><u>About
Consolidated Water Co. Ltd.</u></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Water Co. Ltd. develops and operates seawater desalination plants and water
distribution systems in areas of the world where naturally occurring supplies of potable water are
scarce or nonexistent. The Company currently operates water production and/or distribution
facilities in the Cayman Islands, Barbados, Belize and The Commonwealth of the Bahamas. The
Company&#146;s affiliate, Ocean Conversion (BVI)&nbsp;Ltd., also produces and distributes water in the
British Virgin Islands.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The ordinary (common)&nbsp;shares of Consolidated Water Co. Ltd. are traded on the NASDAQ Global Select
Market under the symbol &#147;CWCO.&#148; Additional information on the Company is available on its website
at <U>http://www.cwco.com</U>.
</DIV>

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</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U>Forward-Looking Statements.</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain statements contained in this press release relating to beliefs, expectations or
predictions of future sales constitute &#147;forward-looking statements.&#148; It is important to note that
the Company can give no assurances that the shares will actually be sold in the contemplated
amounts or timing specified in the Rule&nbsp;10b5-1 plan, as the sales of the shares are outside the
control of Consolidated Water Co. Ltd.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">For further information, please contact:
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Frederick
W. McTaggart, President and CEO, at (345) 945-4277 or David W. Sasnett, Executive Vice President and CFO,<BR>
at (954)&nbsp;571-3100 or via e-mail at <U><I>info@cwco.com</I></U><BR>
<U><I>http://www.cwco.com</I></U><BR>
or<BR>
RJ Falkner &#038; Company, Inc., Investor Relations Counsel at (800)&nbsp;377-9893 or via e-mail at<BR>
<U><I>info@rjfalkner.com</I></U>
</DIV>



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