ZhongDe Waste Technology AG: Price range between Euro 23 and Euro 26

The information contained in this document is not for publication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

ZhongDe Waste Technology AG (the "Company" and together with its
subsidiaries "ZhongDe Group") and the existing shareholders have
jointly set with Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf
Aktien the price range at Euro 23 to Euro 26 per Offer Share. The
offer period is expected to last from the 29th of June until the 4th
of July 2007 12.00 (CEST) for retail investors and 16.00 (CEST) for
institutional investors. During this period interested investors can
submit purchase offers for shares in ZhongDe Waste Technology AG to
the syndicate banks during regular business hours. The offer price is
expected to be determined and announced on the 4th of July 2007. The
first day of trading of the Company's shares (with the German
Securities Identification Number ZDWT01, the ISIN DE000ZDWT018 and the
Ticker Symbol ZEF) on the regulated market (Prime Standard) of the
Frankfurt Stock Exchange is scheduled for the 6th of July, 2007.

ZhongDe Waste Technology AG will be offering up to 4,185,264
shares no par value ordinary bearer shares, of which up to 3,000,000
originate from a capital increase and up to 639,360 stem from the
holdings of certain existing shareholders, with a further 545,904
shares made available for potential over-allotments (greenshoe).
Assuming placement of all Offer Shares (including greenshoe) the free
float will be approximately 32% and the total placement proceeds will
amount to between Euro 96.3 million and Euro 108.8 million.

About ZhongDe Group:

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 is being made solely by
means of, and on the basis of, the published securities prospectus
(including any supplements thereto). An investment decision regarding
the publicly offered securities of ZhongDe Waste Technology AG should
only be made on the basis of the securities prospectus (including any
supplements thereto). The securities prospectus dated 20 June 2007 and
supplement no. 1 dated 28 June 2007 are available free of charge from
Sal. Oppenheim (fax number: +496971345169), or on the Company's
website (www.zhongdetech.com).

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.