CRAMO PLC STOCK EXCHANGE ANNOUNCEMENT 2 January 2007 at 16:30 CRAMO EXPANDS IN NORWAY THROUGH AN ACQUISITION Cramo AS, the Norwegian wholly-owned subsidiary of Cramo Plc, has acquired the entire share capital of Hamar Liftutleie AS (HL). The acquisition strengthens Cramo's position in the Norwegian equipment rental market, especially in the Ostlandet area. Hamar Liftutleie expects sales of approximately 15 million NOK in 2006. The company has five employees who will all remain in the company. As part of the Cramo Group HL has good opportunities to continue its growth and to offer its customers even wider rental services. CRAMO PLC Martti Ala-Härkönen CFO FOR MORE INFORMATION Martti Ala-Härkönen, CFO, +358 40 737 6633 Göran Carlson, deputy CEO, +46 70 8746 556 DISTRIBUTION Helsinki Stock Exchange Major Media www.cramo.fi Cramo Plc is a service company specialising in construction machinery and equipment rental and rental-related services, as well as rental and sale of modular space. As one of the industrys leading service providers in the Nordic countries and Central and Eastern Europe, Cramo operates in eleven countries with 250 outlets. With a group staff of about 1,800, Cramos pro forma consolidated sales for 2005 totalled EUR 334 million. Cramo is listed on the Helsinki Stock Exchange. For further information, please visit www.cramo.fi.