Waste Management Declares 24 Cent Dividend

Date: August 24, 2007

Source: Waste Management, Inc.

Waste Management, Inc. (NYSE: WMI) announced today the declaration of a quarterly cash dividend of $0.24 per share payable September 21, 2007 to stockholders of record on September 4, 2007.

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.

For more information, contact:
Waste Management, Inc., Houston
Greg Nikkel, 713-265-1358
Lynn Brown, 713-394-5093

Sign up to receive our free Weekly News Bulletin