The present investigation deals with the propagation of waves in a micropolar transversely isotropic half space with an overlying inviscid fluid layer. Effects of fluid loading and anisotropy on the phase velocity, attenuation coefficient, specific loss and relative frequency shift. Finally, a numerical solution was carried out for aluminium epoxy material and the computer simulated results for the phase velocity, attenuation coefficient, specific loss and relative frequency shift are presented graphically. A particular case for the propagation of Rayleigh waves in a micropolar transversely isotropic half-space is deduced and dispersion curves are plotted for the same as functions of the wave number. An amplitude of displacements and microrotation together with the path of surface particles are also calculated for the propagation of Rayleigh waves in the latter case