Cramo buys out the minority shareholder Rentakran in the joint venture company Cramo Rentakran in Moscow


Cramo Plc    Investor News 22 December 2008, at 11.15 am Finnish time (GMT+2)   

Cramo buys out the minority shareholder Rentakran in the joint venture company  
Cramo Rentakran in Moscow                                                       

In August 2007, Cramo Plc established a 75%/25% joint venture in Moscow together
with ZAO Rentakran.                                                             

The parties have now agreed to terminate the shareholders' agreement. Cramo will
use its call option to redeem the 25% minority share from Rentakran.            
Subsequently Cramo Rentakran will be re-named, excluding “Rentakran” from the   
company name. New forms of cooperation have been agreed with ZAO Rentakran.     

Currently Cramo operates in Russia with a total of seven own depots in Saint    
Petersburg, Moscow and Yekaterinburg, and will focus on implementing the full   
Cramo concept throughout its operations.                                        

CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               

Further information                                                             
Vesa Koivula, President and CEO, tel. +358 40 510 5710                          
Jarmo Laasanen, Senior Vice President, tel. +358 50 500 0541                    


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 in 2007 totalled EUR 496 million and Cramo shares are listed on the NASDAQ
OMX Helsinki Ltd. For further information, please visit www.cramo.com.