ThermoRetec Declares Dividend and Terminates Dividend Reinvestment Plan.

WALTHAM, Mass., Sept. 14 /PRNewswire/ -- The board of directors of ThermoRetec Corporation (Amex: THN), a Thermo Electron company, has declared a semiannual dividend of $.10 per share of common stock, payable on September 30, 1999, to shareholders of record as of September 20, 1999.

In addition, due to the company's proposed merger with Thermo Electron Corporation (NYSE: TMO), the board of directors approved the termination of the company's Automatic Dividend Reinvestment Plan, effective immediately. As a result, all shareholders of the company will receive the dividend in cash.

ThermoRetec Corporation is a national provider of environmental services. The company integrates advanced management, regulatory, and technology skills to provide compliance management, soil recycling, fluids recovery, radioactive-waste management, remediation construction, and health and safety monitoring. ThermoRetec is a public subsidiary of Thermo TerraTech Inc., another Thermo Electron company. More information is available on the Internet at http://www.thermo.com/subsid/thn1.html.