Cramo Oyj - Company Announcement

Cramo recognises an impairment loss in the Central and Eastern Europe segment

Cramo Plc    Stock Exchange Release 21 December 2009, at 4.35 pm Finnish time   
(GMT+2)                                                                         

Cramo recognises an impairment loss in the Central and Eastern Europe segment   

Cramo will recognise a total impairment loss of about EUR 22 million in the     
goodwill and intangible assets of the Group's Central and Eastern Europe segment
in the fourth quarter of 2009. The recognition of the loss has no impact on the 
Group's cash flow.                                                              

The recognition will not affect the Group's guidance for 2009. The Group's cash 
flow after investments will be positive in 2009. We expect H2/09 EBITA to       
improve over H1/09 EBITA.                                                       

The decision is a consequence of present low business volumes in Latvia,        
Lithuania and the Czech Republic. In the long-term, the Group considers there to
be ample potential for growth in these markets.                                 

Cramo will publish its Full-Year result for 2009 on 10th February 2010.         

CRAMO PLC                                                                       


Vesa Koivula                                                                    
President and CEO                                                               

Further information:                                                            
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 eleven countries    
with 290 depots. With a group staff of 2.200, Cramo's consolidated sales for    
2008 was EUR 580 million and Cramo shares are listed on the NASDAQ OMX Helsinki 
Ltd. For further information, please visit www.cramo.com.