Cramo AB, a wholly-owned subsidiary of Cramo Plc (Cramo), has signed a binding letter of intent with Jaston Groep B.V. (Jaston), whereby Jaston will become the new owner of Cramo Nederland B.V. (CNL), a wholly owned subsidiary of Cramo AB. Jaston is a rental and scaffolding company active in the Netherlands. The transaction is expected to become effective on 11 April 2007, and Cramo estimates that the sale of CNL will result in a capital gain of some four (4) million euros. The final figure will be based on accounts to be prepared in conjunction with closing of the transaction. The parties have agreed that the purchase price shall not be disclosed. CNL is a general equipment rental company active in the Dutch rental market with sales amounting to approximately EUR 12.7 million in 2006, and a staff of 90. The divestment of CNL is in line with Cramo's strategy to focus its resources on both its core Nordic markets, and its emerging core Central and Eastern European markets. CRAMO PLC Vesa Koivula President and CEO For more information Göran Carlson, Deputy CEO, +46 70 874 6556 Martti Ala-Härkönen, CFO, +358 40 737 6633 Distribution Helsinki Stock Exchange Major Media www.cramo.fi Cramo Plc is a service company specialising in construction machinery and 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 eleven countries with 250 outlets. With a group staff of over 1,800, Cramo's consolidated sales for 2006 totalled EUR 402 million. Cramo is listed on the Helsinki Stock Exchange. For further information, please visit www.cramo.fi.