Cramo Oyj - Company Announcement

Cramo Plc has refinanced credit agreements totalling EUR 375 million

Vantaa, Finland

Cramo Plc Stock Exchange Release 15 December 2010 at 9.00 am Finnish time
(GMT+2) 

Cramo Plc has refinanced credit agreements totalling EUR 375 million

Cramo Plc has signed a new long-term club loan with a total amount of EUR 375
million to refinance its existing long-term syndicated loan facilities. The
existing facility was agreed in 2007 and was due to mature in January 2013. The
new unsecured syndicated loan is for four years with one year extension
option.The loan consists of a EUR 175 million term loan and a EUR 200 million
revolving credit facility. The loan has two financial covenants: the Net Debt
to EBITDA ratio and the gearing ratio. 

The following five banks participated as Mandated Lead Arrangers in the
transaction: Pohjola Bank, Nordea, Svenska Handelsbanken, DnB NOR and SEB.
Pohjola Bank acted as the sole co-ordinator of the transaction on behalf of
Cramo Plc. 

Cramo Group's CFO Mr Martti Ala-Härkönen comments: "The refinancing of Cramo's
long-term syndicate loan agreement is important for the company from several
perspectives. The new loan arrangement improves Cramo's liquidity and reduces
the Group's interest expenses markedly. Further, the new loan arrangement
provides additional flexibility for Cramo to pursue growth through
acquisitions."

CRAMO PLC

Vesa Koivula
President and CEO

Further information
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 eleven countries
with 284 depots. With a group staff of 2.000, Cramo's consolidated sales for
2009 was EUR 450 million and Cramo shares are listed on the NASDAQ OMX Helsinki
Ltd. For further information, please visit www.cramo.com.