HAMPTON, N.H. - July 7, 2008 - Shanks and Wheelabrator Technologies Inc. today announced the signing of a cooperation agreement to provide a waste to energy (WTE) solution to local authorities in the United Kingdom that have made the decision to procure mass burn WTE facilities to address their residual waste disposal needs.

"We are delighted to be working in partnership with Wheelabrator Technologies Inc. We believe the widening of our technology offering in the private finance initiative (PFI) market not only satisfies the needs of a number of local authorities but also complements our Ecodeco MBT Solution," said Ian F Goodfellow, managing director, Shanks UK.

Wheelabrator Technologies Inc., a subsidiary of Waste Management, Inc. -- the largest environmental services company in North America -- is a recognized market leader in the design, construction and operation of waste to energy and independent power facilities, with 21 facilities across North America.

"We are very pleased to be teaming with Shanks, a recognized leader in the European waste sector," said Mark A. Weidman, President of Wheelabrator Technologies Inc. "The combination of Shanks' established position in the industry and Wheelabrator's 35 years of proven WTE experience offer a unique and competitive solution for the UK market. This project will also help us work toward Waste Management's goal of doubling the amount of renewable energy produced by the year 2020."

Shanks' experience in the UK waste PFI sector coupled with Wheelabrator's track record in energy from waste will deliver an innovative and affordable WTE solution for local authorities.

About Waste Management
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Our subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. We are also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Our customers include residential, commercial, industrial and municipal customers throughout North America.

About Wheelabrator Technologies
Wheelabrator Technologies operates 16 WTE facilities with a solid waste disposal capacity of more than 21,340 tons per day, equivalent to the waste generated by more than nine million people, and an electric generating capacity of 609 megawatts. Combined with Wheelabrator's five other alternative energy facilities, Wheelabrator has a generating capacity of 836 megawatts, enough energy to power more than 900,000 homes.
http://www.wheelabratortechnologies.com

About Shanks
Shanks Group plc is a modern waste and resource management company serving customers in the UK, Belgium and Holland. Shanks offers a wide and often innovative range of waste management solutions within its various collection, transport, recycling, treatment and disposal services. Shanks UK division successfully operates three PFI/PPP local authority contracts and is the preferred bidder in a fourth.

Waste Management

Waste Management

Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Our subsidiaries provide collection, transfer, recycling and resource recovery, and disposal services. We are also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. Our customers include residential, commercial, industrial, and municipal customers throughout North America.

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