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Fairfax, Virginia, August 30, 2001 - EUROTECH, Ltd., and Waste Control Specialists LLC (WCS) announced that they have signed a cooperative agreement to evaluate the use of Eurotech's nuclear encapsulating EKOR technology on waste streams being processed by WCS. WCS plans to promptly begin tests using EKOR on certain wastes that can use macroencapsulation technology to comply with RCRA, TSCA, and/or radiological criteria.

WCS President Eric Peus said "Eurotech's revolutionary EKOR technology may allow WCS access to opportunities we were previously unable to reach. EKOR can strengthen our penetration of the DOE market." Don Hahnfeldt, Eurotech's President, stated, "The opportunity to team with WCS will demonstrate the contribution of EKOR to safely manage and dispose of difficult waste streams. We are enthusiastic about working with WCS to resolve many of DOE's nuclear waste problems."

Eurotech, headquartered in Fairfax, Virginia, is publicly traded on the American Stock Exchange (symbol EUO) and commercializes technologies from all over the world. Its Nuclear & Environmental Technology Solutions Division has been marketing EKOR since its debut at the Waste Management 2001 Conference in March and has several demonstrations ongoing at various U.S. Department of Energy sites. EKOR's resistance to aging due to irradiation or chemical attack combined with its adhesiveness and excellent permeability and leachability properties makes it a logical choice for encapsulation of any type, including surface spray or batch mixing.

WCS is a Texas-based waste management firm that offers innovative and cost effective solutions for the safe treatment of certain radioactive and hazardous materials. WCS operates a state of the art facility in Andrews County, Texas, that has received permits for the treatment, storage, and disposals of certain radioactive, hazardous and toxic materials. WCS was awarded a U.S. Department of Energy Broad Spectrum contract in 1998, establishing the Andrews facility as a regional treatment facility for broad categories of federal inorganic mixed waste.

EUROTECH Ltd. (AMEX: EUO) works with scientists, engineers and research institutes in Russia, Israel and other countries to develop and commercialize innovative technologies that have widespread or critical application. For more information, visit www.eurotechltd.com on the Internet.

Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Privates Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.

EUROTECH, Ltd., 10306 Eaton Place, Suite 220, Fairfax, VA 22030-2201. Tel: 703-352-4399; Fax: 703-352-5994 .

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