Cramo Oyj - Major shareholder announcements

NOTIFICATION OF CHANGES IN OWNERSHIP INTEREST UNDER CHAPTER 2, SECTION 10 OF THE FINNISH SECURITIES MARKET ACT

Vantaa, Finland, 2011-03-25 16:15 CET (GLOBE NEWSWIRE) -- 
Cramo Plc   Stock Exchange Release 25 March 2011 at 5.15 pm Finnish time (GMT+2)



NOTIFICATION OF CHANGES IN OWNERSHIP INTEREST UNDER CHAPTER 2, SECTION 10 OF
THE FINNISH SECURITIES MARKET ACT 



Based on the underwriting agreement signed on 24 March 2011 relating to the
offering of Cramo Plc (”Cramo”) published yesterday and based on the flagging
notifications received by Cramo, Cramo announces that it has today received
separate notifications from Pohjola Bank plc and the business unit of
Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ). Both
underwriters give notice of the shareholding that would be reached by them if
their underwriting for the offering were fully realised. 

The notifications were given as follows (partly condensed information):

Pohjola Bank Plc, the subsidiary of OP-Pohjola osk (”Pohjola”), has undertaken
to participate in Cramo's offering as an underwriter. Pohjola announces that if
Pohjola Bank Plc's underwriting were fully realised, its ownership would exceed
the flagging threshold of one-twentieth of the shares in and votes of Cramo as
follows: 

1. Identity of the issuer of the shares:

Cramo Plc, Business ID 0196435-4

2. Grounds of the notification:

An agreement or other arrangement that, when effected, will result in the
acquisition or conveyance of shares or votes 

3. Full name of the person subject to the notification obligation:

OP-Pohjola osk, Business ID 0242522-1

4. Date of the transaction and date of exceeding, falling short of or reaching
the threshold: 

Signing of the underwriting agreement on 24 March 2011

5. Flagging thresholds that may be exceeded:

One-twentieth (1/20) of votes and shares (as a result of the underwriting being
fully realised) 

6. Notified details (a summary of the notification)

According to Pohjola's notification, Pohjola does not hold any shares in Cramo
before the offering. If the underwriting given by Pohjola were fully realised,
the total number of votes and shares to be subscribed for by it on the basis of
the underwriting would amount to 3,007,936, at maximum, corresponding to 7.26 %
shares in and votes of Cramo after the offering, provided that all shares to be
offered in the offering will be fully subscribed for. 

The final result of the offering will be announced in accordance with the terms
and conditions of the offering on or about 21 April 2011, on which date any
underwritten shares will also be subscribed for. 

7. Further details:

Underwriting agreement signed on 24 March 2011 relating to the offering of
Cramo. The underwriters agree, subject to certain conditions, to subscribe for
the shares that remain unsubscribed for in the offering. 



********



Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ.) (”SHB”), which
has undertaken to participate in Cramo's offering as an underwriter, announces
for its part that, if its underwriting were fully realised, its ownership would
exceed the flagging threshold of one-twentieth of the shares in and votes of
Cramo as follows: 

1. Identity of the issuer of the shares:

Cramo Plc, Business ID 0196435-4

2. Grounds of the notification:

An agreement or other arrangement that, when effected, will result in the
acquisition or conveyance of shares or votes 

3. Full name of the person subject to the notification obligation:

Handelsbanken Capital Markets, Svenska Handelsbanken AB (publ, Business ID
502007-7862) Business unit 

4. Date of the transaction and date of exceeding, falling short of or reaching
the threshold: 

Signing of the underwriting agreement on 24 March 2011

5. Flagging thresholds that may be exceeded:

One-twentieth (1/20) of votes and shares (as a result of the underwriting being
fully realised) 

6. Notified details (a summary of the notification)

According to SHB's notification, SHB holds a total of 19,800 shares in Cramo
before the offering. If the underwriting given by SHB were fully realised, the
total number of shares to be subscribed for by it on the basis of the
underwriting, together with previously existing holdings, would amount to
3,027,736, at maximum, corresponding to 7.31 % shares in and votes of Cramo
after the offering, provided that all shares to be offered in the offering will
be fully subscribed for. 

The final result of the offering will be announced in accordance with the terms
and conditions of the offering on or about 21 April 2011, on which date any
underwritten shares will also be subscribed for. 

7. Further details:

Underwriting agreement signed on 24 March 2011 relating to the offering of
Cramo. The underwriters agree, subject to certain conditions, to subscribe for
the shares that remain unsubscribed for in the offering. 



CRAMO PLC

Vesa Koivula
President and CEO



Further information
Vesa Koivula, President and CEO, Cramo Plc, tel: +358 40 510 5710
Martti Ala-Härkönen, CFO, Cramo Plc, 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 was EUR 500 million and Cramo shares are listed on
the NASDAQ OMX Helsinki Ltd. For further information, please visit
www.cramo.com.