CONSOLIDATED WATER CO LTD
EMPLOYEE SHARE OPTION NOTICE LETTER/DAVID HOOKER
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<TYPE>EX-10.57
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<FILENAME>g00275exv10w57.htm
<DESCRIPTION>EMPLOYEE SHARE OPTION NOTICE LETTER/DAVID HOOKER
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<TITLE>Employee share option notice letter/David Hooker</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.57</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">July&nbsp;18, 2005
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dave Hooker
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dear Dave,
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>RE: Employee Share Incentive Plan and Employee Share Option Plan</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In accordance with the Employee Share Incentive Plan (&#147;the Preference Share Plan&#148;), you are hereby
advised that the Grant Date is July&nbsp;14, 2005 for benefits you have accrued during the year ended 31
December&nbsp;2004.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Accordingly you are granted 48 Preference Shares in the Company. You have the option to purchase
an equal number of Preference Shares at a price of US$18.31 or CI$15.26 each, which has been
calculated in accordance to the terms of the Preference Share Plan. If you intend to exercise this
option, then payment must be received in full no later than the close of business on <B>August&nbsp;15,
2005</B>.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a member of the Employee Share Option Plan (&#147;the Option Plan&#148;), you will also be granted, as of
July&nbsp;14, 2005, the option to purchase 240 Ordinary Shares in the Company. These options are
exercisable in accordance to the terms of the Option Plan. You furthermore have the opportunity to
obtain an equal amount of options to purchase Ordinary Shares of the Company, in accordance to the
terms of the Option Plan, if you exercise your right to purchase the above additional Preference
Shares before <B>August&nbsp;15, 2005</B>.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Your continued dedication and hard work have contributed to another successful year for
Consolidated Water, and I look forward to a very bright future.
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Yours sincerely,<BR>
<B>CONSOLIDATED WATER CO. LTD.</B>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">/s/ Frederick McTaggart
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Frederick W. McTaggart<BR>
President and CEO

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