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Terex Cranes Global Marketing

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HOVAGO ORDERS NINE TEREX® CRANES AT CONEXPO

Las Vegas, April 28, 2011 – Terex Cranes signed an order for nine all terrain cranes with Netherlands-based Hovago B.V. at CONEXPO in Las Vegas.

Among the models ordered were Terex® AC 50-1, AC 100, AC 200-1 and AC 350/6 all terrain cranes. Most of the machines on order are to be delivered shortly after the show for projects in Europe and South America.

“We have a great relationship with Hovago, which has grown stronger over the past 30 years. Hovago’s confidence in our team and the quality of our machines has been illustrated by the purchase of 29 of our cranes in the past four years,” says Thomas Hartmann, Director Sales, Terex Cranes, Zweibrücken.

Headquartered in the Netherlands as part of ProDelta group, Hovago sells and rents cranes on a worldwide basis, focusing on a constantly available crane fleet to provide customers with immediate delivery. According to Hovago, this new contract for nine Terex® all terrain cranes comes as the result of increased international market demand, and the need to maintain its fleet in accordance with the company’s responsive delivery policy.

“In addition to expert support and training, our clients have grown to expect rapid delivery. Our International re-rent program (bare rental to crane rental companies) is becoming increasingly popular due to the extra need of finance capacity with the crane rental companies. The short delivery schedule of our new order is tight and extremely important for our customers. We have a long and successful experience of working with Terex Cranes, and know that we can count on their team to support our business with the quality machines we need, on time as usual,” says Doron Livnat, Founder, Hovago.

“Our longstanding partnership is based on mutual loyalty and trust, and we are honored by Hovago’s confidence in the excellent quality of our products and relationship with our team.
It is always a pleasure to do business with Hovago and we look forward to continuing to serve them and support the success of their business for many years to come.” says Steve Filipov, President Developing Markets and Strategic Accounts.

About Hovago B.V.

Created in 1946, Hovago Cranes B.V. joined the ProDelta Group in 1989. With joint venture partners all over the world, Hovago operates on the international crane market for the sale and rental of mobile cranes. Its fleet of over 150 machines provides lifting capacities of up to 1000 tonnes. ProDelta has been in existence for over 65 years and is active as an investment company in the international crane market. Furthermore ProDelta is internationally active in the development and management of industrial real estate especially for logistic service providers. More information of the ProDelta Group and Hovago can be found at www.prodelta.nl and www.hovago.nl.

About Terex

Terex Corporation is a diversified global manufacturer operating in four business segments: Terex Aerial Work Platforms, Terex Construction, Terex Cranes, and Terex Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, mining, shipping, transportation, energy, refining 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. More information on Terex can be found at www.terex.com

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From left to right:

Steve Filipov, President Developing Markets and Strategic Accounts, Terex with Marcel Riemslag, Sales Manager, Hovago and Thomas Hartmann, Director Sales, Terex Cranes,Zweibrücken after signing the contract of the new order.