Cramo Plc Investor news 28th November 2008, at 11.15 am Finnish time (GMT+2) Major LKAB deal to Cramo The Swedish mining group LKAB recently announced its EUR 1.2 billion investment in a new mining level in Kiruna (KUJ 1365). Subsequently Cramo and LKAB have signed a contract, which makes Cramo the main rental supplier of construction machinery, access equipment, modular space and related site services. The minimum order value is estimated to be 15 MEUR over a four year period, with a possibility for extensions and prolongation. “This prestigious initial order is one of the largest ever in the Nordic rental industry” says Cramo's CEO Vesa Koivula in a comment. “Fundamentally, it is based on Cramo's almost unique capability to deliver everything that is needed in terms of site infrastructure services in a huge work place like KUJ 1365. But it is also the fruit of the good relationship that has developed between LKAB and Cramo's Swedish operations in earlier projects like KK4 and KA3 in Kiruna”. “From our perspective the supplier selection is a question of credibility. We know Cramo well, and very few rental companies have the capacity needed to supply everything we need in a project like this. Using numerous suppliers was never an alternative from an administrative point of view”, says Ulf Gräsvik, project manager LKAB. On the site Cramo will deliver site offices, dining rooms, conference rooms, locker rooms, sanitary facilities and storage facilities. The agreement also includes facility management services like, transportation services, cleaning, furniture, AV equipment, phone and IT connections etc. Cramo's commitment also includes the delivery of all tools, construction machinery, access equipment, scaffolding and other necessary equipment. To facilitate the access to the equipment Cramo will open a project depot at level 1365 - probably the first underground depot in history - which will also carry accessories and commodities related to the rental equipment. “I am very proud that LKAB selected us for this project”, says Erik Bengtsson, Managing Director for Cramo's Swedish operations. “The intensity in the construction work will peak during the initial 4-5 years. But our experience is that giant projects like this one will generate more business over time”. CRAMO PLC Vesa Koivula President and CEO Further information Erik Bengtsson, Managing Director, Cramo Sverige AB, tel. +46 8 623 54 00 Distribution NASDAQ OMX Helsinki Ltd. Major media www.cramo.com Cramo is a service company specialising in construction machinery and equipment rental and rental-related services, as well as the 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 eleven countries with approximately 300 depots. With a group staff of 2.600, Cramo's consolidated sales for 2007 totalled EUR 496 million and its shares are listed on the NASDAQ OMX Helsinki Ltd. For further information, please visit www.cramo.com.