Cramo Plc Investor news 3 April 2008, at 9.00 am Finnish time (GMT+2) CRAMO RENTAKRAN OPENS OPERATIONS IN YEKATERINGBURG, RUSSIA The Russian construction equipment rental company ZAO Cramo Rentakran, jointly owned by Cramo Plc and ZAO Rentakran has opened its new operation in Yekaterinburg. ZAO Cramo Rentakran was established in August 2007 as a joint venture between Cramo Plc, one of Europe's leading equipment rental companies, and ZAO Rentakran, the leading crane and heavy lifting services company in Russia. Until now the operations have been focused in the Moscow region. "Opening up in Yekaterinburg now follows our expansive plan for Russia", says Cramo's Senior Vice President, Other Europe, Jarmo Laasanen, in a comment. "Our close relation with ZAO Rentakran, already well established in this very dynamic region, has given us a perfect platform for the start up both in terms of customer contacts and location of the new depot. Our new Yekaterinburg area manager has started and we have already delivered a number of hoists and aerials to large projects in the area." Cramo and Rentakran both have a very positive view of the Russian construction market and the rental market in particular, boosted by a stable economic growth, new industrial initiatives as well as the 20014 Winter Olympics in Sochi. "Our next opening will thus be in Krasnodar, the capital city in the Sochi region", says Jarmo Laasanen. CRAMO PLC Vesa Koivula President and CEO Further information Jarmo Laasanen, Senior Vice President, Cramo Plc, +358 50 500 0541 Juhani Järvilehto, President, ZAO Rentakran, +7 985 923 0640 Distribution OMX Nordic Exchange Helsinki Major media www.cramo.com Cramo is a rental services company specialising in equipment rental and rental-related services, as well as rental and sale of modular space. As one of the industry's leading service providers in the Nordic countries and Central and Eastern Europe, Cramo operates in ten countries with 268 depots. With a group staff of 2,270, Cramo's consolidated sales for 2007 totalled EUR 496 million and its shares are listed on the OMX Nordic Exchange, Helsinki. For further information, see www.cramo.com.