029 Group SE

M&A Activity • May 2, 2011

News Details

Takeover Bids | 2 May 2011 08:38

Takeover Offer;

Target company: Demag Cranes AG; Bidder: Terex Industrial Holding AG

Dissemination of an announcement according to the German Securities

Acquisition and Takeover Act (WpÜG), transmitted by DGAP – a company of

EquityStory AG.

The bidder is solely responsible for the content of this announcement.

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Terex Industrial Holding AG

Publication of the decision to launch a public takeover offer in accordance

with § 10 para. 1 sentence 1 in conjunction with § 29 para. 1 and § 34 of

the German Securities Acquisition and Takeover Act

Bidder:

Terex Industrial Holding AG

Lindemannstraße 81

44137 Dortmund

registered in the commercial register of the local court of Düsseldorf

under HRB 64410.

Contact:

Alistair Hammond

CNC

Phone: +49 89 599 458 126

Mobile: +49 173 663 91 52

Email: Alistair.Hammond@cnc-communications.com

Target Company:

Demag Cranes AG

Forststraße 16

40597 Düsseldorf

ISIN: DE000DCAG010

registered in the commercial register of the local court of Düsseldorf

under HRB 54517.

On May 2, 2011, Terex Industrial Holding AG (hereafter referred to as Terex

Industrial Holding AG) decided to offer to the shareholders of Demag Cranes

AG by way of a voluntary takeover offer to acquire their no-par value

bearer shares in Demag Cranes AG representing a pro rata amount of the

registered share capital of EUR 1.00 per share in return for payment of a

cash consideration of

EUR 41.75 per Demag Cranes share

and otherwise in accordance with the terms and conditions yet to be

specified in the offer document for the takeover offer.

The offer document and further notifications relating to the takeover offer

will be published on the internet at www.industrialholding-angebot.de.

Further information:

Terex Industrial Holding AG is an indirect wholly owned subsidiary of Terex

Corporation, USA. Terex Corporation is a diversified global manufacturer of

machines 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.

The completion of the takeover offer will be made subject to certain

conditions, including in particular the granting of certain regulatory

clearances and the achievement of a minimum acceptance threshold of not

less than 51% (including the Demag Cranes Shares already held by Terex

Industrial Holding AG or its affiliates).

Important information:

This publication is neither an offer to purchase or sell, nor a

solicitation of an offer to purchase or sell, shares. Shareholders of Demag

Cranes AG are strongly advised to carefully read in full the offer document

as well as all other publications and notifications of Terex Industrial

Holding AG in connection with the takeover offer in full.

Düsseldorf, May 2, 2011

Terex Industrial Holding AG

End of WpÜG announcement

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Media archive at www.dgap-medientreff.de and www.dgap.de

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