Ramirent - Company Announcement

DECISION BY THE BOARD OF DIRECTORS OF RAMIRENT TO REPURCHASE UP TO 350,000 OWN SHARES

Vantaa, Finland, 2012-02-16 08:00 CET (GLOBE NEWSWIRE) -- 



The Board of Directors of Ramirent Plc has based on the authorisation by the
Annual General Meeting held on 7 April 2011 decided on the repurchase of up to
350,000 shares of the Company. The repurchase will not commence until one week
after the decision has been published with this stock exchange release. 

The repurchase of the shares will be executed in accordance with the terms of
the authorisation by the Annual General Meeting. The shares will be repurchased
in deviation from the proportion to the holdings of the shareholders with funds
in the Company's non-restricted equity through public trading on NASDAQ OMX
Helsinki Ltd at the market price of the time of the repurchase. The shares will
be acquired and paid for in accordance with the rules of NASDAQ OMX Helsinki
Ltd and Euroclear Finland Ltd. 

The shares will be acquired to be used as part of the Company's incentive
program, as consideration in possible acquisitions or in other arrangements
that are part of the Company´s business, to finance investments, or to be
retained, otherwise conveyed or cancelled by the Company. There is a financial
weighty reason for the repurchase, since the shares are to be repurchased
through public trading and the contemplated purposes of use are in the best
interests of the Company and its shareholders. 



Vantaa, 16.2.2012

RAMIRENT PLC



Magnus Rosén
President and CEO



FURTHER INFORMATION:
Jonas Söderkvist, CFO, tel. +358 20 750 3248



DISTRIBUTION:
NASDAQ OMX Helsinki
The main media
www.ramirent.com



Ramirent is a leading equipment rental group delivering Dynamic Rental
Solutions™ that simplify business. We serve a broad range of customers,
including construction and process industries, shipyards, the public sector and
households. In 2011, Group net sales totalled EUR 650 million. The Group has
some 3,200 employees at some 406 permanent outlets in thirteen countries.
Ramirent is listed on the NASDAQ OMX Helsinki Ltd.