Effects of Hurricane Katrina Expected to Negatively Impact GreenMan's Near Term Performance

GreenMan Technologies, Inc. (AMEX: GRN), a leading
recycler of over 30 million scrap tires per year in the United States,
today announced the following:
   Bob Davis, GreenMan's President and Chief Executive Officer
stated," While a majority of our inbound Southeastern tire flow does
not originate in the hardest hit areas of Louisiana, Mississippi and
Alabama, we do anticipate our near term inbound tire flow and
performance will be negatively impacted by the effects of Hurricane
Katrina and continued rising fuel costs. With regional and national
fuel prices rising 25 to 100 percent almost overnight, our ability to
immediately pass along these significant increases to our customers is
limited. We will continue to do our best to mitigate the impact of
these unfortunate events on our overall corporate performance and
provided the best possible service to our customers during the coming
months."

   GreenMan was founded in 1992 and today is comprised of six
operating locations that collect, process and market scrap over 30
million scrap tires in whole, shredded or granular form. We are
headquartered in Lynnfield, Massachusetts and currently operate tire
processing operations in California, Georgia, Iowa, Minnesota,
Tennessee and Wisconsin and operate under exclusive agreements to
supply whole tires used as alternative fuel to cement kilns located in
Alabama, Florida, Georgia, Illinois, Missouri and Tennessee.

   "Safe Harbor" Statement: Under the Private Securities Litigation
Reform Act

   With the exception of the historical information contained in this
news release, the matters described herein contain 'forward-looking'
statements that involve risk and uncertainties that may individually
or collectively impact the matters herein described, including but not
limited to the possibility that we may not realize the benefits
expected from our new Tennessee operation, product acceptance,
economic, competitive, governmental, seasonal, management,
technological and/or other factors outside the control of the Company,
which are detailed from time to time in the Company's SEC reports,
including the quarterly report on Form 10-QSB for the fiscal period
ended June 30, 2005. The Company disclaims any intent or obligation to
update these "forward-looking" statements.