Cramo Oyj - Company Announcement

CRAMO WILL BUY THE LARGEST EQUIPMENT RENTAL COMPANY IN THE CZECH REPUBLIC AND ENTER INTO SLOVAKIA

CRAMO WILL BUY THE LARGEST EQUIPMENT RENTAL COMPANY IN THE CZECH REPUBLIC AND   
ENTER INTO SLOVAKIA                                                             

Cramo has signed a letter of intent to acquire 100% of the shares of Techniline 
spol.s.r.o. (Techniline) in the Czech Republic.                                 
Established in 1990, Techniline is today the leading equipment rental services  
company in the Czech Republic with operations also in Slovakia. Headquartered in
Prague, the company operates modern rental fleet through its depots in Prague,  
Pardubice and Ostrava, as well as in Bratislava and Kosice in Slovakia.         
Techniline's customers include a substantial portfolio of leading national and  
international construction companies and industrial organizations. The company  
employs over 70 rental professionals and its sales were over EUR 8 million in   
2007. After the acquisition, Techniline's key management will continue to drive 
the development of the company, and the existing operation of Cramo s.r.o in the
Czech Republic will be integrated in Techniline.                                "We are very pleased to join Cramo Group. We are sharing the same view of rental
business development and with combined resources we can serve our customers even
better", comments Zdenek Zilvar, President and CEO of Techniline.               "This acquisition is perfectly aligned with Cramo's strategy in developing the  
second leg in the CEE area. Cramo will now reach the leading position in the    
rapidly growing and well developed Czech rental market whilst also getting an   
entry into Slovakia, where rental penetration is still quite low. Techniline's  
long experience and strong customer base will support Cramo in continuing its   
fast growth in Central and Eastern Europe", says Jarmo Laasanen, Senior Vice    
President of Cramo Other Europe.                                                

The closing of the transaction is subject to finalizing certain technical       
issues. The transaction is expected to be closed during March 2008.             

CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               

Further information                                                             
Jarmo Laasanen, Senior Vice President, Cramo Plc, +358 50 500 0541              
Zdenek Zilvar, President and CEO, Techniline, spol.s.r.o., +420 606 639 484     

Distribution                                                                    
OMX Nordic Exchange Helsinki                                                    
Major media                                                                     
www.cramo.com                                                                   

Cramo is a rental services company specialising in 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 ten countries with 268 depots. With a group   
staff of 2,270, Cramo's consolidated sales for 2007 totalled EUR 496 million and
its shares are listed on the OMX Nordic Exchange, Helsinki. For further         
information, see www.cramo.com.