Euro Tech Holdings Company Limited Reports Contracts Awarded to Euro Tech

HONG KONG, Dec. 15 /PRNewswire-Asia-FirstCall/ — Euro Tech Holdings
Company Limited (Nasdaq: CLWT) today announced that over last few weeks it has
been awarded major contracts related to environmental pollution control
totaling US$ 3.5 million.

These contracts are for the supply of five mass spectrophotometers in Hong
Kong for environmental pollution and food safety analysis applications. There
is also an engineering contract to provide design, supply and installation of
one 1500 tons per day wastewater treatment plant for a Tobacco factory in
Anhui, China.

Mr. T.C. Leung, Chairman and CEO of the company commented, “Amid the
global financial meltdown, we are pleased that contracts are continuously
awarded to us for deliveries in 2009. These contracts plus contracts also
recently awarded to Pact (US$ 1.8 million) and Blue Sky (US$ 4 million),
members of our group of companies, create a good cushion for 2009 when
worldwide economy is estimated to be hit badly due to the global financial
crisis. Moreover, we are excited by the recent announcement that environmental
protection is one of the ten major areas of China’s4 trillion yuan (about 570
billion US dollars) stimulus package to boost economy, and domestic demand
within next two years.”

About Pact:

Pact Environmental Technology Co. Ltd., (“Pact”), based in Shanghai, is a
global provider of environmental solutions for industrial and municipal
clients, focusing on water and wastewater treatment. Pact’s capabilities cover
design, manufacturing, sourcing, installation and servicing of
water/wastewater treatment, water desalination plants and equipment.

About Blue Sky:

Zhejiang Tianlan Desulfurization and Dust-Removal Co. Ltd. in Zhejiang,
China (“Blue Sky”), found in 2000, is a fast growing company which provides a
comprehensive service for design, general contract, equipment manufacturing,
installation, testing and operation management of the treatment of waste gases
emitted from various boilers and industrial furnaces of power plants, steel
works and chemical plants.

Certain statements in this news release regarding the Company’s
expectations, estimates, present view of circumstances or events, and
statements containing words such as estimates, anticipates, intends, or
expects, or words of similar import, constitute forward looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Such statements indicate uncertainty and the Company can give no assurance
with regard to actual outcomes. Specific risk factors may include, without
limitation, having the Company’s offices and operations situated in Hong Kong
and China, doing business in China, competing with Chinese manufactured
products, competing with the Company’s own suppliers, dependence on vendors,
and lack of long term written agreements with suppliers and customers,
development of new products, entering new markets, possible downturns in
business conditions, increased competition, loss of significant customers,
availability of qualified personnel, negotiating definitive agreements, new
marketing efforts and the timely development of resources. See the “Risk
Factor” discussions in the Company’s filings with the Securities and Exchange
Commission, including its Annual Report on Form 20-F for its fiscal year ended
December 31, 2007.

    CONTACT:

     Euro Tech Holdings Company Limited, Hong Kong
     T.C. Leung, Chairman and CEO, or Jerry Wong, CFO
     Tel:     +852-2814-0311
     Fax:     +852-2873-4887
     Website:http://www.euro-tech.com
     Pact's Website:http://www.pactchina.com
     Blue Sky's Website:http://www.tianlan.cn

[Via http://www.prnewswire.com]

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