Allied Waste Closes on $33.9 Million in Solid Waste Revenue Bonds

Date: January 24, 2008

Source: Allied Waste Industries, Inc.

Allied Waste Announces Closing of $33.9 Million in Solid Waste Revenue Bonds

Allied Waste Industries, Inc. AW today announced that its wholly-owned subsidiary, Allied Waste North America, Inc., successfully completed the offering of $33.9 million in principal amount of California Municipal Finance Authority Solid Waste Revenue Variable Rate Demand Bonds (Allied Waste North America, Inc. Project) Series 2008A due 2024. The offering is backed by a letter of credit as credit enhancement for the bonds. Inclusive of the letter of credit fees, the initial all-in cost to Allied is approximately 4.20%. As of the date of issuance, the bonds bear variable interest rates reset weekly based on market rates.

"We are pleased to have the opportunity to collaborate with the California Municipal Finance Authority," said Peter Hathaway, Executive Vice President and Chief Financial Officer of Allied Waste. "This attractive rate financing supports continued economically beneficial investment throughout the State of California."

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

About Allied Waste Industries, Inc.

Allied Waste is America's second largest non-hazardous solid waste services company and an environmental leader. Headquartered in Phoenix, AZ, Allied Waste provides waste collection, transfer, recycling and disposal services to millions of residential, commercial and industrial customers in over 100 major markets spanning 37 states and Puerto Rico. Our team of 24,000 dedicated employees operates within a highly efficient, integrated organization that generated approximately $6 billion of revenue in 2006.

Websites: alliedwaste.com and disposal.com

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