2008-05-09 22:02:08 -

- Waste Management, Inc. (NYSE:WMI) announced today the declaration of a quarterly cash dividend of $0.27 per share payable June 20, 2008 to stockholders of record on June 2, 2008.

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.

Waste Management, Inc., Houston
Analysts: Greg Nikkel, 713-265-1358
or
Media: Lynn Brown, 713-394-5093
www.wm.com