Cramo Oyj - Company Announcement

Cramo issues a EUR 100 million bond

Vantaa, Finland, 2012-11-16 16:30 CET (GLOBE NEWSWIRE) -- Cramo Plc     Stock
Exchange Release     16 November 2012 at 5.30 pm (EET) 

Cramo issues a EUR 100 million bond

Cramo Plc issues a domestic senior unsecured bond of EUR 100 million. The long
five-year bond matures on 23 February 2018 and it carries a fixed annual
interest at the rate of 4.500 per cent. 

The offering was oversubscribed and it was allocated to approximately 50
investors. Application will be made to for the listing of the bond on NASDAQ
OMX Helsinki Ltd. "We are pleased to enter the debt capital markets with this transaction. This
bond issue is an important step in extending Cramo's funding sources and in
extending the maturity profile of Cramo's debt portfolio. Credit investors
clearly showed their confidence in the company”, says Martti Ala-Härkönen, CFO
of Cramo Group. 

The proceeds from the bond offering will be used to repay Cramo's existing debt
and for general corporate purposes. 

Nordea and SEB acted as joint bookrunners for the transaction.

CRAMO PLC


Vesa Koivula
President and CEO



Further information:
Martti Ala-Härkönen, CFO, tel. +358 40 737 6633





Distribution:
NASDAQ OMX Helsinki Ltd
The main media
www.cramo.com



Cramo is Europe's second largest rental services company specialising in
construction machinery and equipment rental and rental-related services, as
well as the rental and sale of modular space. Cramo operates in fourteen
countries with over 400 depots. With a group staff close to 2,700, Cramo's
consolidated sales in 2011 was EUR 680 million. Cramo shares are listed on the
NASDAQ OMX Helsinki Ltd. For more information visit www.cramo.com.