Cramo Oyj - Company Announcement

Cramo Plc's Rights Offering oversubscribed

Cramo Plc                                                                       
Company Announcement (Disclaimer)                                               
Cramo Plc's Rights Offering oversubscribed                                      
Vantaa, Finland, 2011-04-18 08:30 CEST (GLOBE NEWSWIRE) -- Cramo Plc    Stock   
Exchange Release 18 April 2011 at 9.30 am Finnish time (GMT+2)                  

Not for release, publication or distribution in or into the United States,      
Australia, Japan, Canada, Hong Kong or Singapore.                               

Cramo Plc's Rights Offering oversubscribed                                      

The subscription period of Cramo Plc's ("Cramo" or the "Company") rights        
offering of approximately EUR 100 million ("Rights Offering") ended on 15 April 
2011. A total of approximately 9.5 million new shares were offered for          
subscription in the Rights Offering. Preliminarily, a total of approximately    
16.6 million shares were subscribed for in the Rights Offering representing a   
total subscription level of 175.3%.                                             

Of the total shares offered, approximately 97.2% were subscribed for with       
subscription rights and the remainder for without subscription rights. New      
shares subscribed for without subscription rights will be allocated first to    
investors who subscribed for new shares also by exercising subscription rights  
and after that to investors who subscribed for new shares only without          
subscription rights, according to the allocation principles in the Cramo's      
offering circular relating to the Rights Offering dated 24 March 2011.          

The final outcome of the Rights Offering is expected to be announced on or about
21 April 2011.                                                                  

Trading in interim shares representing the new shares commences on the NASDAQ   
OMX Helsinki today, 18 April 2011. All shares subscribed for in the Rights      
Offering are expected to be registered with the Finnish Trade register on or    
about 26 April, after which the interim shares will be combined with Cramo's    
existing shares. Trading in the new shares together with the existing shares is 
expected to commence on or about 27 April 2011.                                 

Pohjola Corporate Finance and Handelsbanken Capital Markets acted as Joint Lead 
Managers for the Rights Offering.                                               

CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               
                                                                                
Further information                                                             
Vesa Koivula, President and CEO, tel. +358 40 510                               
5710                                                                            
Martti Ala-Härkönen, CFO, tel. +358 40 737 6633                                 
                                                                                
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 fifteen countries   
with approximately 400 depots. With a group staff close to 2.400, Cramo's       
consolidated sales for 2010 were EUR 500 million and Cramo shares are listed on 
the NASDAQ OMX Helsinki Ltd. For further information, please visit              
www.cramo.com.                                                                  
                                                                                
IMPORTANT NOTICE:                                                               

This press release is not an offer for subscription for shares in the Company.  
The offering circular relating to the Rights Offering referred to in this press 
release and the subsequent listing of the offered shares on NASDAQ OMX Helsinki 
has been approved by the Finnish Financial Supervisory Authority in the Finnish 
language.                                                                       

The distribution of this press release in certain jurisdictions may be          
restricted by law and persons into whose possession it or any part of it comes  
should inform themselves about and observe any such restrictions. The           
information in this press release shall not constitute an offer to sell or the  
solicitation of an offer to buy, nor shall there be any sale of the securities  
referred to herein in any jurisdiction.                                         

This press release has not been approved by any regulatory authority. This press
release is not a prospectus and investors should not subscribe for or purchase  
any securities referred to in this press release.                               

Pohjola Corporate Finance and Handelsbanken Capital Markets are acting for the  
Company and no one else in connection with the Rights Offering and will not be  
responsible to anyone other than the Company for providing the protections      
afforded to their respective clients or for providing advice in relation to the 
Rights Offering and/or any other matter referred to in this announcement.       

Pohjola Corporate Finance and Handelsbanken Capital Markets accept no           
responsibility whatsoever and make no representation or warranty, express or    
implied, for the contents of this announcement, including its accuracy,         
completeness or verification or for any other statement made or purported to be 
made by it, or on its behalf, in connection with the Company and the offered    
shares, or the Rights Offering, and nothing in this announcement is, or shall be
relied upon as, a promise or representation in this respect, whether as to the  
past or future.                                                                 

Pohjola Corporate Finance and Handelsbanken Capital Markets disclaim to the     
fullest extent permitted by law all and any responsibility and liability whether
arising in tort, contract or otherwise which they might otherwise have in       
respect of this announcement or any such statement.                             

United States                                                                   

This press release does not constitute or form part of an offer or solicitation 
of an offer to purchase or subscribe for securities in the United States. The   
securities referred to herein have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be  
offered or sold in the United States absent registration under the Securities   
Act or an exemption therefrom. No public offering of the securities referred to 
herein is being made in the United States. Copies of this announcement are not  
being, and may not be, distributed or sent, in whole or in part, directly or    
indirectly, into the United States, Australia, Canada, Hong Kong, Japan or      
Singapore.                                                                      

European Economic Area                                                          

The Company has not authorised any offer to the public of shares or rights in   
any Member State of the European Economic Area other than Finland. With respect 
to each Member State of the European Economic Area other than Finland (each, a  
“Relevant Member State”), no action has been undertaken to date to make an offer
to the public of shares or rights requiring a publication of a prospectus in any
Relevant Member State. As a result, the shares and rights were only offered in  
Relevant Member States in circumstances, not requiring the Company to publish a 
prospectus as provided under the Directive 2003/71/EC.                          

United Kingdom                                                                  

This communication is directed only at (i) persons who are outside the United   
Kingdom or (ii) persons who have professional experience in matters relating to 
investments falling within Article 19(5) of the Financial Services and Markets  
Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth
entities, and other persons to whom it may lawfully be communicated, falling    
within Article 49(2) of the Order (all such persons together being referred to  
as “relevant persons”). Any investment activity to which this communication     
relates will only be available to and will only be engaged with, relevant       
persons. Any person who is not a relevant person should not act or rely on this 
document or any of its contents.