BRAMA, January 2, 2000, 2:00pm EST

For immediate release
January 02, 2000

Eurotech's EKOR continues to perform at Chernobyl [Chornobyl]
Revolutionary geopolymer EKOR successfully encapsulates high level waste at reactor 4 bubble pool

FAIRFAX, VA, EUROTECH Ltd. (AMEX: EUO) announced that EKOR, a revolutionary geopolymer composite used to "cocoon" nuclear waste and prevent radioactive contaminants from dusting or seeping into the environment, continues to perform nine months after being applied on a fuel containing mass inside Chernobyl's failed reactor No. 4. The Chernobyl Shelter Agency's (Shelter) periodic monitoring indicates no loss in EKOR's effectiveness. The Shelter's management reports that products with EKOR's application flexibility and performance longevity were not previously available.

These real life results confirm years of Eurotech funded product development by the EuroAsian Physical Society and the Kurchatov Institute. Jeff Stephen, Eurotech's Chief Operating Officer, stated, "While EKOR continues to perform longer than any other material at Chernobyl, we fully expected this result since EKOR was developed to maintain its structural integrity in highly radioactive environments not just for months but for hundreds of years." Radiation readings on the fuel containing mass approximate one thousand rads per hour on contact. In comparison, EKOR has been tested to ten billion rads without degradation of its unique encapsulation properties.

In related news, the Shelter successfully completed previously announced robotic testing for application of EKOR on simulated radioactive waste piles in a cold or non-radioactive environment. The robotic technology is required for safe and efficient application of EKOR where radiation levels limit access inside the sarcophagus.

The Shelter team that applied and tested EKOR under an agreement with Eurotech has identified other uses for EKOR. Artur Korneev, the Deputy Director of the Shelter Object, stated, "Now that we have confirmed the ability of EKOR to provide an effective isolation barrier and to maintain its integrity under severe radiation exposure, we are planning further application development projects. These projects include important tasks such as dust suppression and repairing corroded concrete surfaces such as walkways. Each of these projects is designed to demonstrate EKOR's use in actual conditions and represent important preparation for the future large scale applications inside the sarcophagus".

Jeff Stephen reported that among the nuclear debris inside the sarcophagus is an estimated 40 plus tons of radioactive dust. While dust represents a potential environmental threat, it also represents an engineering challenge during Chernobyl's stabilization and decontamination. Eurotech believes that EKOR has many potential uses at Chernobyl. While EKOR directly provides work safety, waste handling or long term storage solutions, EKOR is also complementary with other nuclear waste technologies.

Last August, EKOR was certified by the Ukrainian government where testing acknowledged its lack of chemical or biological degradation even after long-term exposure to radiation. The Shelter Implementation Plan bid packages are expected to be released in the second half of 2001.

EUROTECH Ltd. (AMEX: EUO) works with scientists 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 statement 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.

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