ZhongDe Waste Technology AG Planning IPO in July 2007

The information contained in this document is not for publication
or distribution in the United States of America.

ZhongDe Waste Technology AG, one of the leading suppliers of
small- and mid-sized solid waste incinerators in China, is planning
its IPO with a listing on the Prime Standard of the Frankfurt Stock
Exchange. Subject to favourable capital markets conditions, the IPO is
scheduled to take place in July 2007. It is therefore set to become
the first indirect listing of a Chinese company on the highly
regulated Prime Standard market segment of the Frankfurt Stock
Exchange.

The company (together with its subsidiaries "ZhongDe Waste
Technology Group") expects to raise approximately EUR 75 million
through the transaction and intends to use the net proceeds raised in
the offering primarily to finance further organic growth. One of its
intended projects is to invest in a second production plant for waste
incinerators in Beijing, thereby extending ZhongDe Group's leading
position in the market segment for medical incinerators and small- and
mid-sized municipal solid waste incinerators in the high-growth
Chinese waste management market.

ZhongDe Waste Technology Group is an established player in the
Chinese waste incineration market with a strong track record of more
than 170 installed incinerators and an experienced management team.
Over the last three years, ZhongDe Waste Technology Group has achieved
a compound annual growth rate (CAGR) of 76% in revenues to EUR 19
million in 2006 and a CAGR of 107% in net profit to EUR 8 million in
2006. This highly profitable business model is driven by a proven
technology tailored to Chinese market requirements. Thus, the company
expects to further benefit from the sustainable growth trend in the
market for waste management which is driven by rising GDP levels per
capita, growing population and increasing urbanization in China as
well as new emerging consumer patterns.

Chen Zefeng, Founder and CEO of ZhongDe: "With the listing on the
Frankfurt Stock Exchange we will realise a very important step in the
further growth and internationalisation of ZhongDe Waste Technology
Group and are excited about raising the necessary funds to take
advantage of the outstanding growth opportunities in the rapidly
developing environmental protection market in China. Given my serious
admiration for German technology and the leadership of Germany in
environmental protection, I welcome the opportunity to build
long-lasting relationships with investors, business partners and the
community in general."

ZhongDe Waste Technology AG is currently owned by Mr. Chen Zefeng
with a majority interest of 68%, private equity investor Hao Capital
China Fund with an interest of 15.5% and the remaining 16.5% is held
by 4 private investors.

ZhongDe Waste Technology AG has mandated Sal. Oppenheim jr. & Cie.
KGaA as Global Co-ordinator and Sole Bookrunner. Sal. Oppenheim and
the Bank of China International are acting as Joint Lead Managers in
the offering with CLSA Asia-Pacific Markets as a Co-Lead Manager.
BayernLB, comdirect Bank and DAB Bank will act as Selling Agents.

Notes for the editor

ZhongDe Group designs, manufactures and installs pyrolytic, grate
and rotary kiln waste incinerators for the disposal of solid medical,
municipal and industrial (including hazardous) waste. Since 1996
ZhongDe Group has installed more than 170 waste incinerators in about
13 provinces and in the last three financial years alone 112 waste
incinerators. Its waste incinerators are principally constructed for
operators of medical disposal centers in the hospital and healthcare
industry as well as for small and mid-sized Chinese cities in
developed areas of the People's Republic of China. The Management
Board of ZhongDe Group believes that ZhongDe Group is one of the
leading suppliers of small and mid-sized solid waste incinerators in
China.

This publication constitutes neither an offer to sell nor a
solicitation to buy securities. The offer will be made solely by means
of, and on the basis of, a securities prospectus which is to be
published.

This document is not an offer of securities for sale in the United
States of America. Securities may not be offered or sold in the United
States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended. The
shares in ZhongDe Waste Technology AG have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and are
not being and will not be offered or sold in the United States of
America.

This document is directed at and/or for distribution in the U.K.
only to (i) persons who have professional experience in matters
relating to investments falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (ii) high net worth entities falling within article
49(2)(a) to (d) of the Order (all such persons being together referred
to as "relevant persons"). This document is directed only at relevant
persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents. Any investment or
investment activity to which this document relates is available only
to relevant persons and will be engaged in only with relevant persons.