Extract from stock exchange release published on 10th February, 2010

Overall, there is still considerable uncertainty related to the general economic climate in 2010.

Market sentiment stabilised during the second half of 2009, and some signs of recovery could be observed in the construction industry. Euroconstruct predicts a recovery in construction for 2010 in Sweden, Denmark, Slovakia, and possibly also in Russia. While growth in Poland will continue, the construction markets in Norway, the Czech Republic and the Baltic countries are expected to decline further. For Finland, absent a general increase, signs of growing construction activity are seen.

Because of the cyclical nature of the construction industry and the low investments level in the industrial sector, demand for the equipment rental services may continue to decrease in several markets in the first half of 2010. In the beginning of the year, extraordinary winter conditions also slowed down construction starts in Central and Eastern Europe in particular. Cramo expects the first quarter in 2010 to be challenging.

The benefit of cost adjustments in 2008 and 2009 will be realised in 2010.

In 2010, the Group’s capital expenditure will be approximately EUR 30–40 million. Fleet management activities will continue to be focussed on optimising equipment utilisation between Cramo’s market areas.

The Group sees gradual market improvement. Gearing will continue to come down based on steady cash flow. The EBITA margin will improve compared with 2009.

Welcome to Cramo Investor pages

Cramo is a service company specialising in equipment rental services. Our equipment rental services comprise machinery and equipment rental as well as rental-related services.

As one of the industry’s leading service providers in Europe, Cramo operates in Finland, Sweden, Norway, Estonia, Lithuania, Poland, Germany, Austria, Hungary, the Czech Republic and Slovakia. In Russia and Ukraine we operate under the brand of the 50 percent owned joint venture Fortrent.

Cramo provides modern rental solutions through the Cramo Concept. Under the Cramo Concept, construction companies and customers in trade, industry and the public sector, as well as private customers, are provided with machinery and equipment through different rental solutions and services.

By combining the product portfolio with its extensive offering of services, Cramo reduces the capital invested by its customers and can create total rental solutions for every need for both the short and long term.

Through a network of about 300 depots, with a total number of rental items over 230,000, Cramo’s 2,600 employees serve over 150,000 customers in eleven countries.