March 2006

Republic Services offers $275 million stock repurchase

Fort Lauderdale, FL— The board of directors at Republic Services, Inc. has approved a $275 million stock repurchase program. On December 31, 2005, Republic had $216 million remaining under its existing share repurchase program. Combined, Republic has the authority to repurchase $491 million of its common stock in 2006. At current prices, the $491 million represents more than nine percent of Republic’s outstanding shares of stock.

Commenting on the stock repurchase program, James E. O’Connor, chairman and chief executive officer of Republic Services, Inc., said, “Republic will continue to utilize the share repurchase program as an effective way to increase long-term value for our shareholders.”

During 2005, Republic repurchased 16.3 million shares of Company stock for a total of $558 million.

Republic’s stock repurchase will be funded using excess cash on hand, cash flow from operations and proceeds from borrowings. The stock repurchases may be made in the open market, in privately negotiated transactions or a combination of both. The timing and amounts of any repurchases will be at the discretion of management and will depend on many factors.

 


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