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TEREX CRANES AND SANGHVI MOVERS LTD CELEBRATE

COMMISSIONING OF LATEST TEREX® CC 2800-1 CRAWLER CRANE

Pune, India, October 5th, 2011 – Terex Cranes’ most recent delivery of a 600-tonne capacity class Terex CC 2800-1 crawler crane was marked with a ceremony when it was commissioned at Sanghvi Movers Ltd’s facility in Sate, Pune, India. This was the twelfth crane delivery to Sanghvi as part of a multi-unit order placed in late 2010, which comprised a mix of 400, 600 and 1600-tonne capacity class crawler cranes. Sanghvi uses its cranes in the construction of wind-energy projects as well as power stations and refineries throughout India.

At the ceremony, attended by Mr. C.P. Sanghvi, Chairman of Sanghvi Movers Ltd., the keys to the new Terex CC 2800-1 were handed over by Mr. T.R. Badarinarayan, Executive Director, Terex India Pvt. Ltd., to Mr. R.S. Desai, Executive Director and Mr. S. N. Ali, General Manager, Heavy Lifts and Technical Support, Sanghvi Movers Ltd.

This was the last official act of T.R. Badarinarayan for Terex Cranes before his retirement. Moving forward, Martin Seibert will take over his responsibilities.

About the Terex® CC 2800-1

The Terex CC 2800-1 lattice boom crawler crane can be converted from standard version to special-purpose wind power crane - and back, with only a few special components including extra-strong main boom sections and a fixed fly jib (LF2) in 12, 24 or 36-meter lengths developed specifically for wind turbine erection. Standard available wind-power combinations provide excellent lifting capacities and clearance while reducing transportation costs. Available in both standard and narrow-track (NT) models, the NT version enables access to roads and track ways from 5,3 meters in width. The NT version is compatible with 1.5 meter track pads (for reduced ground pressure). Additionally, the CC 2800-1 can also be supplied with a chassis designed for road travel. The standard machine, including all winches and A-frame, is transportable within a 12-tonne axle load limit. With design features and options that focus on time-saving setup and disassembly processes, the CC 2800-1 provides the benefits of being both highly flexible and cost-effective to operate. Equipped with the time-proven Terex IC-1 control system, this machine is simple, precise and comfortable to operate in almost any working conditions.

About Sanghvi Movers Ltd.

Located in Pune, India, Sanghvi Movers Ltd. operates a fleet of over 400 telescopic and lattice boom crawler cranes offering capacities from 40 to 1600 tonnes. Sanghvi Movers Ltd. is one of the largest crane hire companies in India, and ranked seventh worldwide. Specialized in the implementation of turnkey projects in a variety of sectors, including the construction of power plants, wind farms, refineries, cement works, and subways throughout India, Sanghvi Movers Ltd. has a reputation for delivering efficient results, with a focus on quality, safety, well-maintained equipment and company-trained crane experts and machine operators. More information on Sanghvi Movers Ltd. can be found at www.sanghvicranes.com

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 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.

Sanghvi Movers Ltd. are handed the keys of their CC 2800-1 delivery

Mr. T.R. Badarinarayan, Executive Director, Terex India Pvt. Ltd. (right), hands the keys of the new CC 2800-1 to Mr. R.S. Desai, Executive Director, Sanghvi Movers Ltd. (left) and Mr. S.N. Ali, General Manager, Heavy Lifts and Technical Support, Sanghvi Movers Ltd. (center).