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Terex Cranes Global Marketing

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E-mail: info.cranes@terex.com

TEREX CRANES SIGNS CONTRACT FOR 12 CRAWLER CRANE UNITS

WITH SANGHVI MOVERS LTD. INDIA

Zweibrücken, Germany, October 21, 2010 – Terex Cranes has signed what is believed to be the largest crawler crane contract in recent years, with Sanghvi Movers Ltd, India.

The contract totals an impressive 12 crawler cranes, including 8 Terex® CC 2800-1 cranes in the 600 tonne class, and 4 Terex® CC 8800-1, 1600-tonne maximum capacity models. All cranes are to be manufactured at the Terex Cranes production facility in Zweibrücken, Germany.

“We have selected the best partners and in any partnership, when both partners feel that they are both winners, then nothing could be better,” says Mr. Chandrakant P. Sanghvi, Chairman and Managing Director. “I also thank the teams on both sides”.

“For us, this is an exciting step forward into the Indian crane market”, says Thomas Hartmann, Sales Director, Terex Cranes, Zweibrücken. “We look forward to providing Sanghvi with the outstanding products that serve our strong reputation for quality, in India and worldwide.”

Delivery is provisionally scheduled from 4th quarter 2011 through 3rd quarter 2013.

About Sanghvi Movers Ltd.

Operating a fleet of 360 telescopic and lattice boom cranes offering capacities from 20 to 800 tons, Sanghvi Movers Ltd. is one of the largest crane hire companies in India, and ranked 9th position worldwide (Cranes International, June 2009).

Specialized in the implementation of turnkey projects in a variety of sectors, such as power plants, wind mill erection, refinery etc. throughout India, Sanghvi Movers Ltd have a reputation for delivering efficient, results, with a priority focus on quality, safety, well-maintained equipment and company-trained crane experts and machine operators. Sanghvi Movers Ltd is located in Pune, India. Email: sanghvi@sanghvicranes.com

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Aerial Work Platforms, Construction, Cranes, and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website to make information available to its investors and the market at www.terex.com.

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Image Caption:

From left to right: Doug Friesen (Vice President & Managing Director, Terex Cranes Zweibrücken), Thomas Hartmann (Sales Director, Terex Cranes Zweibrücken), Chandrakant P. Sanghvi (Chairman and Managing Director, Sanghvi Movers Ltd) and Rick Nichols (President, Terex Cranes) during the signature ceremony