Cramo Plc Investor News 10 August 2010, at 10.00 am Finnish time (GMT+2) Cramo has signed an agreement with Nordic Crane Group AS Equipment rental company Cramo AS, the Norwegian wholly-owned subsidiary of Cramo Plc, has signed an agreement with Nordic Crane Group AS for the next five years. An expected value of this deal for Cramo AS is approximately 100 MNOK. The agreement covers the entire Nordic region. As a part of the agreement Cramo AS buys Hego Maskinutleie AS in Bergen from Nordic Crane Bergen AS. “The Norwegian deal clearly supports our view of increasing activity in the Nordic construction sector”, says Mr Vesa Koivula, CEO of Cramo Plc. “During the summer we have closed five major deals in Finland, Sweden and Norway. Three of them are outsourcing agreements - a new trend showing that not only the very largest, but also the mid-sized construction companies are interested in outsourcing their equipment handling. Obviously the rental industry benefits from both these trends, particularly companies like Cramo who has the capacity and resources to supply all equipment and services needed.” “Nordic Crane Group is one of the leading mobile crane suppliers in Scandinavia, and this new cooperation agreement will offer our customers an even better service and product range in the Nordic region, says Mr Finn Løkken, Managing Director of Cramo AS, Norway. “Bergen is also an important investment area for us. Acquiring Hego Maskinutleie AS strengthens our presence in and around Bergen area.” Nordic Crane Group AS was established as a joint holding company in 2008 by Kynningsrud Kran and Stangeland Kran. Company's turnover in 2009 was 700 MNOK and the company employs over 400 people. “We have great expectations of this agreement”, says CEO of Nordic Crane Group AS, Mr Trond Helge Skretting. “With their customer portfolio and distribution network, Cramo will offer Nordic Crane Group AS an opportunity to increase our expansion in the Nordic region.” “One of the most important aspects of the agreement is Nordic Crane Group AS's position in the industrial sector. The company has long experience and high competence based on a large number of projects and customers in this segment, both in Norway and Sweden. The agreement will thus widen Cramo's customer portfolio and competence and make us an even more valued business partner”, concludes Mr Finn Løkken. CRAMO PLC Vesa Koivula President and CEO Further information Mr Finn Løkken, Managing Director, Cramo AS, Norway Tel: + 47 23 37 55 60 /+ 47 907 72 088 Mr Vesa Koivula, President and CEO, Cramo Plc Tel: +358 10 661 1240 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 284 depots. With a group staff of 2.000, Cramo's consolidated sales for 2009 was EUR 450 million and Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. For further information, please visit www.cramo.com.