Letter from the CEO and Chairman

Dear Investors:

Alan S. McKim

Clean Harbors is the leading provider of environmental, energy and industrial services throughout North America. Founded in 1980, Clean Harbors provides a comprehensive suite of services to a diverse customer base, including a majority of the Fortune 500 companies, throughout the United States and Canada, as well as Mexico and Puerto Rico. Through our Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers.

During the past several years, the Company has grown substantially as we’ve successfully executed our corporate strategy which includes: expanding our service offerings and geographic coverage; cross-selling across segments; capturing large-scale projects; expanding throughput capacity; pursuing selective acquisitions; and implementing cost, pricing and productivity improvement initiatives.

Looking ahead, we remain encouraged about our prospects. The comprehensive sales and expense reduction initiatives we have underway at Clean Harbors will support our performance and the growth in profitability we are projecting for 2015. In the near-term, we are focused on improving our margin performance and return on invested capital (ROIC). We see substantial cross-selling and long-term growth opportunities within most of our segments as the underlying industry and outsourcing trends remain favorable to us. I invite you to return to our website frequently for updates on our progress. Thank you for your interest in Clean Harbors.

Alan S. McKim
Chief Executive Officer, and Chairman of the Board

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