Extract from stock exchange release published on 29th July, 2010

The construction and equipment rental service markets are expected to recover gradually in Cramo’s market areas in 2010. According to market forecasts, construction activity will begin to increase in 2010 in Finland, Sweden and possibly also in Russia. In Poland, growth is expected to continue. The construction markets in Norway, Denmark, the Czech Republic and the Baltic countries are expected to decline further. The outlook for the Baltic countries has nevertheless improved.

After a weak winter and spring, the rental market saw a positive turn at the end of the second quarter. Demand is expected to improve and the Group’s profits will grow during the second half of the year. In addition, the implemented cost-saving measures will improve profitability.

Cramo made three long-term agreements in the second quarter, related to which customers outsourced their construction machine fleet to Cramo. Fleet outsourcings are expected to continue, i e, arrangements where Cramo takes over construction companies’ machine fleet while simultaneously signing a long-term rental agreement.

The Group’s gross capital expenditure, excluding acquisitions and business combinations, will be approximately EUR 40–50 million in 2010. The level of investments has been increased in the modular space business and in Sweden. With regard to fleet management activities, Cramo will continue to focus on optimising equipment utilisation between different market areas.

The Group has modified its guidance. The new guidance is: “The Group sees a gradual market improvement, however, uncertainty remains. Gearing to go down based on steady positive cash flow. EBITA margin to improve compared with 2009.”

The old guidance was: “Although the market in Q1 2010 was weak, the Group still sees a gradual market improvement. Uncertainty remains high. Gearing to go down based on steady positive cash flow. EBITA margin to 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.