Extract from stock exchange release published on 4th August 2011

The construction and equipment rental service markets are expected to grow stronger in almost all of Cramo’s market areas in 2011. According to the forecast published by the construction market research organisation Euroconstruct in June, construction activity will grow by some 4-6 per cent throughout the Nordic region. In Lithuania and Russia, market growth is predicted at 5-7 per cent and in Germany, at just under two per cent. Growth rates in the double figures are forecasted for Poland and Estonia. In Latvia, the market will remain unchanged. In Hungary, the Czech Republic and Slovakia, construction is expected to decline.

However, most recent economic development indicates increased uncertainty, and therefore the forecasts above have to be interpreted with considerable caution.

Cramo’s experience shows that changes in the equipment rental market follow changes in construction activity with some delay. Cramo anticipates stronger growth in the demand for rental services compared to that in construction. Increased interest in equipment rental as an alternative to owning will contribute to the growth of the rental market. Recent history shows that arrangements where companies outsource their equipment fleet to a rental service company are becoming increasingly attractive.

The recent debt crisis in certain eurozone countries has increased the uncertainty of near-term future economic development in Europe. This has also increased the risk levels associated with Cramo’s business operations.

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.