Direct Investment Program

Direct Investment Program

Waste Management’s transfer agent, Computershare's Shareowner Services, offers a direct stock purchase and dividend reinvestment plan that provides a convenient and economical method for new investors to make an initial investment in shares of Waste Management common stock and for existing investors to increase their holdings of our common stock.

To review plan information, or to enroll in the Direct Stock Purchase Plan or Dividend Reinvestment Plan, please click the hyperlinked text below or call Computershare's at 1-800-969-1190.

By clicking the hyperlinked text below, you understand this communication does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful. These programs are not sponsored or administered by Waste Management.

Existing Waste Management Shareholders

Existing Waste Management, Inc. shareholders can access their account information and forms, check account balances, enroll in the dividend reinvestment plan or change their dividend reinvestment elections, conduct purchase or sale transactions, and submit address changes on-line.

By clicking the hyperlinked text below, you understand this communication does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful. These programs are not sponsored or administered by Waste Management.

Visit Computershare's 24-hour interactive web site at http://www.computershare.com/investor To access automated account information telephonically, dial 1-800-969-1190




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