Waste Management, Inc. Announces Cash Dividend

Date: May 5, 2006

Source: Business Wire

Waste Management, Inc. (NYSE: WMI) announced the declaration of a quarterly cash dividend of $0.22 per share payable June 23, 2006 to stockholders of record on June 5, 2006.

Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the Company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. The Company's customers include residential, commercial, industrial, and municipal customers throughout North America.

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

Sign up to receive our free Weekly News Bulletin