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      Tri-Tech Announces $3.5 Million Revolving Line of Credit from BMO Harris Bank

      Date:03/14/2013

      BEIJING, March 14, 2013  -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that its subsidiary Tri-Tech Infrastructure LLC ("Tri-Tech U.S.") has entered into a $3.5 million revolving credit facility with BMO Harris Bank in Chicago.

      Approximately $2 million of the line of credit has been earmarked for export-import working capital needs to allow Tri-Tech U.S. to bid for foreign projects. This portion is guaranteed by the Export-Import Bank. The remaining $1.5 million, guaranteed by Tri-Tech Holding Inc., will be used to issue Standby Letters of Credit. The revolving line of credit has a term of one year based on the percentage of eligible export-related inventory and foreign receivables. The transaction closed on January 31, 2013. The revolving line of credit expires within 12 months from date of funding with prime-based variable interests rates. Under the line of credit, Tri-Tech U.S. will be tested annually by BMO Harris Bank to confirm a minimum debt service coverage ratio of 1.25.   

      Mr. Phil Fan , Tri-Tech Holding Inc. CFO, commented, "We are pleased to have access to this secured revolving line of credit from BMO Harris Bank. The line of credit is structured to provide significant credit availability for our oversea business over the short term. We believe this facility will provide sufficient liquidity to support the awards and execution of our recent bids and contracts. In addition to strengthening our balance sheet, this new credit facility will provide us with additional financial flexibility as we continue to pursue our growth strategies in overseas markets."

      About BMO Harris Bank

      Based in Chicago, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona andFlorida. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris BankSM is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.