ZhongDe Waste Technology AG: Greenshoe Option Exercised in Full

The information contained in this document is not for publication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

Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf Aktien ("Sal.
Oppenheim"), Global Coordinator and Sole Bookrunner for the IPO of
ZhongDe Waste Technology AG (the "Company") (GER:ZEF), announced today
that the greenshoe option of up to 545,904 shares was exercised in
full. The gross proceeds from the placement of a total of 4,185,264
shares amounted to EUR 109 million. The Company took in net proceeds
from the sale of approximately EUR 72 million. The exercise of the
greenshoe option brings the free float to around 32 percent.

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, said:
"We are happy that ZhongDe Waste Technology AG shares are generating
such great interest and that they developed so well on the secondary
market. The IPO will allow us to continue to pursue our desired course
of growth."

The trading of the shares (German Securities Identification Number
ZDWT01, ISIN DE000ZDWT018 and ticker symbol ZEF) commenced on the
Prime Standard segment of the Frankfurt Stock Exchange on July 6, 2007
at a price of EUR 30.00 or approximately 15% above the placement price
of EUR 26.00 per share. The issue was at the upper end of the price
range of EUR 23.00 to EUR 26.00, the shares were approximately 13.5
times oversubscribed. Institutional investors in Germany, neighboring
countries, Great Britain and Hong Kong purchased 95.4 percent of the
shares with the remaining 4.6 percent going to private investors.

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 document constitutes neither an offer to sell nor a
solicitation to buy securities of ZhongDe Waste Technology AG. The
securities have already been sold.

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.