<B>Waste Management Completes Sale of Finnish Operations</B>

Waste Management, Inc. announced that its wholly-owned subsidiary completed its previously announced transaction to sell its waste services operations in Finland to Lassila & Tikanoja plc for approximately $100 million.

The sale stems from Waste Management's strategy to re-focus on its North American solid waste operations. To date, the company has generated proceeds of approximately $540 million from the sale of international assets in Finland and The Netherlands, from the completion of a secondary offering of shares representing its interest in a waste services business in New Zealand, and from other non-material sales. Waste Management previously has announced agreements for the sale of waste service operations in Australia and Italy. The Company expects these transactions to be completed in the second quarter. In North America, the Company has announced agreements to sell its nuclear waste services business and certain solid waste operations.