Charys Holding Company, Inc. Completes $26.25 Million Addition to $175 Million Financing

ATLANTA -- March 6, 2007 --On February 16, 2007 Charys Holding Company, Inc. ("Charys" or the "Company") (OTCBB: CHYS) completed a $175 million private offering of securities to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Today the initial purchaser exercised its option to purchase and sell an additional $26.25 million of securities (the "Purchase Option") which is expected to close on March 8, 2007.

The net proceeds of the Purchase Option offering will be used toward payments due under the existing purchase agreement for Crochet & Borel Services, Inc., to refinance and/or pay off other indebtedness and for working capital and other general corporate purposes.

The securities were sold to qualified institutional buyers in separable Units, each consisting of $1,000 principal amount of 8 3/4% Senior Convertible Notes due February 16, 2012, and Warrants to purchase 333.333 shares of Charys' common stock at $4 per share and Warrants to purchase 333.333 shares of Charys' common stock at $5 per share, in each case, subject to adjustment under certain circumstances. The Warrants expire on February 16, 2012. The notes are initially convertible into 444.444 shares of Charys' common stock each reflecting an initial conversion price of $2.25 per share, and are provisionally redeemable by the Company after two years if the Company's common stock reaches certain specified stock prices. A cash reserve covering the first two quarters of interest due under the Notes has been set aside out of the net proceeds of the offering. Charys plans to file a registration statement covering the resale of the notes, the warrants and the underlying common shares. The Notes and Warrants are expected to trade on the PORTAL Market, or directly between qualified buyers.