Cramo Oyj - Company Announcement

Cramo issues EUR 50 million hybrid bond

Cramo Plc    Company announcement 15 April 2009, at 1.35 pm Finnish time (GMT+2)

CRAMO ISSUES EUR 50 MILLION HYBRID BOND                                         

Cramo Plc has resolved to issue a EUR 50 million hybrid bond in order to        
strengthen the Group's capital structure and to repay existing interest-bearing 
debt. The coupon rate of the bond is 12.0% per annum. The bond has no maturity  
but the company may call the bond after four years. The bond was sold to Finnish
investors. The lead manager of the bond issue was Nordea Markets.               

Hybrid bond is a bond which is subordinated to the company's other debt         
obligations and treated as equity in the IFRS financial statements. Hybrid bonds
do not confer to holders the right to vote at shareholder meetings and do not   
dilute the holdings of the current shareholders.                                

As a consequence of the financing arrangement, Cramo Group's equity ratio       
improves by about five percentage points to about 37-38% compared to the level  
of 32.4% at the end of 2008. The final effect of the transaction will be visible
in the Group's second quarter interim figures for 2009.                         


CRAMO PLC                                                                       

Vesa Koivula                                                                    
President and CEO                                                               

For more information                          

Martti Ala-Härkönen, CFO, Cramo Plc, tel. +358 10 66110, +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 approximately 300 depots. With a group staff of 2.600, Cramo's consolidated
sales for 2008 totalled EUR 580 million and its shares are listed on the NASDAQ 
OMX Helsinki Ltd. For further information, please visit www.cramo.com.