CRAMO ACQUIRES THE EQUIPMENT RENTAL OPERATION FROM THE TAPEKS GROUP AND AGREES ON COOPERATION IN LATVIA

Cramo Plc   Company announcement 19 March 2008, at 5.50 pm Finnish time (GMT+2) 

CRAMO ACQUIRES THE EQUIPMENT RENTAL OPERATION FROM THE TAPEKS GROUP AND AGREES  
ON COOPERATION IN LATVIA                                                        

Cramo has signed an agreement to acquire 100% of the shares of SIA Tapeks Noma  
in Latvia. The completion of the transaction is subject to certain conditions   
and expected by the end of April 2008. The Tapeks Group is Latvia's leading     
wholesale supplier of general construction equipment and building machinery, and
the Group has so far also operated in equipment rental services through Tapeks  
Noma. Related to the acquisition, a co-operation agreement will be signed       
between Cramo and the Tapeks Group, which includes operational and marketing    
cooperation. The sellers in the transaction are the Tapeks Group and six private
persons.                                                                        

Established in 2003, Tapeks Noma today provides customers with a wide range of  
equipment rental services through its 16 depots covering the whole Latvia. The  
sales of Tapeks Noma in 2007 were EUR 4 million. The company employs 70 people  
who will after the acquisition continue to work in the company, including its   
key management.                                                                 

During 2008 Tapeks Noma's depots will be integrated with Cramo's existing       
network and rebranded into Cramo, along with the implementation of Cramo's      
advanced rental concepts in the whole organization.                             

"We are glad to welcome Tapeks Noma into the Cramo Group. Even though we see    
some slowdown in the residential construction sector in Latvia, the equipment   
rental sector is still growing rapidly due to the fairly low rental penetration.
Through the acquisition Cramo will become the second largest rental services    
provider in the Latvian market. Thereafter, with a total of some 54 depots in   
the Baltic countries, Cramo has a very strong market coverage in the Baltic     
region," says Jarmo Laasanen, Senior Vice President of Cramo Other Europe.      

CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               

Further information                                                             
Jarmo Laasanen, Senior Vice President, Cramo Plc, +358 505 000 541              
Ricards Batarags, Managing Director of SIA Tapeks Noma, +371 29 230 270         

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.