Race 4 (514)
WATERFALL BAY HANDICAP Rating:40-0 2200m Happy Valley Good To Firm
Section 1
| Placing | Horse No |
Horse Name | Jockey | Gear | Comment |
| 1 | 7 | NOBLE GLORY (CB145) | H W Lai | P-/B2/TT | Waited with. Made significant progress down centre of straight to take charge close to home. |
| 2 | 8 | LUCKY BIRD (CB342) | P H Lo | -- | Remained in last few. Ran on down straight to be nearest at finish despite slightly baulked 200 M out. (See Racing Incidents.) |
| 3 | 5 | OPTIC CHIEF (BV072) | W M Lai | -- | Settled in midfield. Ran on dourly under pressure in straight to be nearest at finish. |
| 4 | 3 | ONE EYE JACK (CD393) | C Brown | -- | Well there. Took over running rounding home bend. Unable to sustain effort under pressure and swamped 100 M out. |
| 5 | 9 | SPEED WINNER (CB195) | O Doleuze | -- | Settled in forward of midfield. Took closer order rounding home bend. Held some chance in straight but failed to threaten under strong driving closing stages. |
| 6 | 2 | FABULOUS (CA152) | A Delpech | CP/SR1/TT | Settled in rear. Took closer order passing 700 M. Ran on to hold some chance early in straight. One-paced closing stages. |
| 7 | 6 | LOK WAH TREASURE (CA361) | R Fradd | TT | Midfield. Improved to hold some chance early in straight. Unable to sustain effort inside final 200 M. |
| 8 | 10 | MULTI RANSOM (CC363) | F Coetzee | B | Mainly wide in prominent position to straight. Ran home one-paced. (Soft palate displacement.) |
| 9 | 4 | RED FIREBALL (CC171) | B Prebble | B | Well there. Inconvenienced by weakening runner rounding home bend. Renewed effort to be 2Ls back early in straight. Weakened passing 200 M. |
| 10 | 12 | KASHMAC (BT084) | C K Tong | -- | Rear to straight. Ran home one-paced. |
| 11 | 11 | ON THE TEE (CB052) | S Dye | SR | Never better than midfield. |
| 12 | 1 | CAPABEL (CD195) | O Chavez | H-/B2/TT | Led to 500 M. Weakened out of contention. |
| B : | Blinkers | BO : | Blinker with one cowl only | CC : | Cornell Collar | CP : | Sheepskin Cheek Pieces |
| CO : | Sheepskin Cheek Piece One Side | E : | Ear Plugs | H : | Hood | P : | Pacifier |
| PC : | Pacifier with cowls | PS : | Pacifier with one cowl | SB : | Sheepskin Browband | SR : | Shadow Roll |
| TT : | Tongue Tie | V : | Visor | VO : | Visor with one cowl | XB : | Crossed Nose Band |
| "1" : | First time | "2" : | Replaced | "-" : | Removed |