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Providing Comprehensive Environmental Services for North America

Dear Investors:
Clean Harbors is the largest hazardous waste disposal company in North America. Founded in 1980, Clean Harbors provides a comprehensive suite of environmental, energy and industrial services to more than 50,000 customers in 37 U.S. states, seven Canadian provinces, Mexico and Puerto Rico. The Company also operates international locations in Bulgaria, China, Sweden, Singapore, Thailand and the United Kingdom.
For the past several years, the Company has grown substantially as we’ve successfully executed our corporate strategy. In 2008, we continued our momentum across a number of areas. We expanded our incineration capacity and made substantial investments throughout our network of assets. We entered the solvent recycling business, integrated several strategic acquisitions, and expanded our service locations to further penetrate select markets. Additionally, we streamlined our cost structure, completed a successful follow-on offering, and transferred our stock listing to the New York Stock Exchange. As a result of our efforts in 2008, we met our goal of reaching $1 billion in revenue, while also increasing EBITDA by 22 percent to a record $163 million.
2009 has already proven to be another period of significant achievement. In late July, we acquired Eveready, Inc. through a combination of cash, stock and assumed debt valued at more than $400 million. Eveready is a Canadian-based company that provides a wide number of industrial services to the oil and gas, chemical, pulp and paper, manufacturing and power generation industries. Eveready brings to Clean Harbors an outstanding combination of talented individuals and valuable assets that substantially extends our capabilities in both the environmental and industrial services marketplace. We anticipate considerable cross-selling opportunities for our combined organization. This acquisition broadens our geographic footprint and increases our presence throughout Canada. It also greatly expands the range of services we can now offer customers of both companies.
Looking ahead, we see many reasons for optimism as the world economy begins to stabilize and we move forward with the integration of Eveready. I invite you to return to our website frequently for updates on our progress. Thank you for your interest in Clean Harbors.
Sincerely,
Alan S. McKim
President, CEO and Chairman
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. These forward-looking statements are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Such statements may include, but are not limited to, statements about the benefits of the acquisition of Eveready, including future financial and operating results, the combined company’s plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of Clean Harbors’ management and are subject to significant risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect managements opinions only as of the date hereof. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its various filings with the Securities and Exchange Commission. A variety of factors beyond the control of the Company may affect the Company’s performance, including, but not limited to:
Any of the above factors and numerous others not listed nor foreseen may adversely impact the Company’s financial performance. Additional information on the potential factors that could affect the Company’s actual results of operations is included in its filings with the Securities and Exchange Commission, which may be viewed on www.cleanharbors.com/investor_relations.
Listen to the broadcast of Clean Harbors’ Fourth-Quarter and Year-End 2009 Conference Call on Wednesday, February 24, 2010 at 9:00 a.m. ET launch webcast »
Listen to the broadcast of Clean Harbors’ Presentation at the Baird Business Solutions Conference on Thursday, February 25, 2010 8:35 a.m. ET launch webcast »
Clean Harbors, Inc.
42 Longwater Drive
P.O. Box 9149
Norwell, MA 02061-9149
781.792.5000
Directions to Corporate Office
Alan S. McKim
Since 1980
Clean Harbors stock is traded on the NYSE stock exchange under the symbol CLH.
For 24-Hour Emergency Response, call 800.OIL.TANK (800.645.8265)
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