A Shareholder Update From Eurotech's CEO MANASSAS, Va., June 1 /PRNewswire-FirstCall/ -- Eurotech, Ltd. (OTC Pink Sheets: EUOT) today issued the following message to its shareholders from Carey Naddell, CEO and Chairman of the Board, of the Company. Over the last two years, I have worked diligently and successfully to retire much of the debt incurred by the former management of Eurotech. I have also spent many hours repairing relationships and rebuilding confidence in our ability to succeed. In late 2004, it became apparent to Eurotech's management and Board of Director's that certain strategic alliance partners and investors were less than enthusiastic in contributing to Eurotech's survival and may even have been working counter to our efforts to revitalize the company. Eurotech's Board of Directors has been disappointed by the pace of commercialization of our patented technologies by our strategic licensing partners. Accordingly, in the first quarter 2005, Eurotech engaged several technology commercialization specialists with whom we are aggressively working to rebuild the company through marketing and licensing of key technologies from our patent portfolio. The progress outlined below has resulted since January 2005 from this collaboration. We have entered into discussions regarding our nuclear waste encapsulation technologies and our related environmental technology, AC/EMR, with an internationally recognized nuclear engineering firm and major Department of Energy contractor whose North American Headquarters is located in Virginia. The significance of these discussions is that this company contacted Eurotech seeking out our nuclear waste related technologies. Additionally, we are attempting to increase the supporting activities needed to place the AC/EMR technology into the waste sensing and monitoring market and allow us to proceed with potential environmental, Department of Defense, and Homeland Security applications. In related non-nuclear applications of our EKOR material, we have recently initiated marketing contacts and initial discussions on the use of EKOR as a protective coating for corrosive materials storage containers. We have successfully secured the process know-how and formulations for several of our patented polymer technologies including HNIPU. This has allowed us to move forward independent of a continued reliance on unreliable third parties and will provide for North American based production, where we can control the technology, its applications, and extensions. As part of the technology marketing revitalization process, we have entered discussions for potential licensing and/or toll production of HNIPU with the world's largest producer of thermosetting resins headquartered in Ohio, which includes a portion of a resin business unit that had been evaluating our HNIPU in 2003. Eurotech has also entered into preliminary discussions for the potential licensing of HNIPU with a major paint and coatings manufacturing company located in Ohio, and a specialty polymer manufacturing company specializing in binders for floor and wall coatings. They are in early stage performance evaluations of the technology. We anticipate the possibility that some form of cooperation with Environmental Friendly Materials (EFM), GMBH could emerge for the manufacturing of some individual versions of the HNIPU binder in Europe for shipment to the US as the base for paint production here. I am excited with the significant progress we've been able to achieve in the first quarter after refocusing on our business development efforts. With continuation of this momentum, Eurotech is poised to reemerge as a fully operational and viable business entity. There have been insufficient funds to bring our filings current, however in light of our new business development thrust, it's on my agenda to address this situation as soon as funding allows. You have my personal assurance that I will continue to work diligently to see that our current technologies are utilized to their fullest extent and that new opportunities are capitalized on as they emerge. I appreciate your continued support as we return Eurotech to full operations. About Eurotech, Ltd. Eurotech is a corporate asset manager seeking to acquire, integrate and optimize a diversified portfolio of advanced technologies in various markets. Our mission is to build value in our emerging technologies by providing each with the resources it needs to realize its strategic business potential. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of Eurotech, Ltd. officials during presentations about Eurotech, Ltd., are "forward- looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Eurotech, its technology, economic and market factors and the industries in which Eurotech, Ltd. does business, among other things. These statements are not guarantees of future performance and Eurotech, Ltd. has no specific intention to update these statements. More detailed information about those factors is contained in Eurotech Ltd.'s filings with the Securities and Exchange Commission. DATASOURCE: Eurotech, Ltd. CONTACT: Carey Naddell of Eurotech, Ltd., +1-561-350-5155 Web site: http://www.eurotechltd.com/

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