Cramo Plc Company announcement 1 April 2009, at 10.15 am Finnish time (GMT+2) CRAMO´S GUIDANCE AT THE ANNUAL GENERAL MEETING At the Annual General Meeting of shareholders of Cramo Plc on April 1, 2009, the company's President and CEO Vesa Koivula commented in his speech the current market conditions as follows: “As anticipated, the economic operating environment in Cramo's markets has continued to weaken in the first quarter of 2009. The amount of construction is expected to fall in all the Nordic as well Central and Eastern European markets in 2009. However, after the first two months of 2009 Cramo's EBITA is still positive, supported by good performance in modular space and satisfactory performance in Sweden, Finland and Norway. Fluctuating demand on one hand, and timing of savings programs and related one-off restructuring costs on the other, will lead to increased volatility in single quarterly results in 2009. On a yearly level, the Group reiterates its guidance for 2009: “In 2009, consolidated sales and EBITA margin will not reach the levels recorded in 2008. However, the Group's cash flow after investments is expected to stay positive.” Cramo continues its systematic cost adjustment measures to protect its profitability and its cash flow in all situations. We expect to reduce our headcount by over 20 per cent from the high in August 2008. Our new estimate for total cost savings to be recorded in 2009 reads: in excess of 30 million euros.” Cramo Plc's first quarter financial statements for 2009 will be published on Wednesday, 6 May 2009. CRAMO PLC Vesa Koivula President and CEO tel. +358 10 661 10, +358 40 510 5710 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 nearly 300 depots. With a group staff of 2.600, Cramo's consolidated sales for 2008 totalled close to EUR 580 million and its shares are listed on the NASDAQ OMX Helsinki Ltd. For further information, please visit www.cramo.com.