Press release
IPO of Demag Cranes AG: Greenshoe partially exercised
Dusseldorf, 10 July 2006 – Goldman Sachs International acting on behalf of the other Managers has partially exercised the Greenshoe-option that was granted in connection with the IPO. The total issue volume has therefore increased by 1,324,488 shares to approx. 12.0 million shares. As a result, Demag Cranes AG's free float now amounts to approx. 56.8 percent. Calculated on last Friday´s, 7 July 2006, Xetra closing price of 22.50 Euro, market capitalization is roughly 476 Million Euro. On the occasion of the IPO shares were allotted at a selling price of 22 Euro. Goldman Sachs International as stabilisation manager also announced that the stabilisation period has ended with the exercise of the Greenshoe-option.
About Demag Cranes AG
The Demag Cranes Group is one of the world's leading providers of industrial cranes and crane components, harbor cranes and port automation technology. Services, in particular maintenance and refurbishment services, are another core element of its business activities. The Group, which is divided into the Industrial Cranes, Port Technology and Services segments, has strong brands - 'Demag' and 'Gottwald'. Demag Cranes believes that it is a global market leader, by virtue of its innovation and technology leadership, its excellent product and service quality and its close and long-term customer relationships. Demag Cranes manufactures in 16 countries on five continents and operates a worldwide sales and service network that is present in over 60 countries through its subsidiaries, representative offices and a joint venture.
For the fiscal year 2004/2005, the Group reported total sales of € 881.6 million and an adjusted EBIT of € 64.0 million (Combined Financial Statements prepared in accordance with IFRS).
For further information, please contact
Media Enquiries:
Nikolai Juchem
phone: +49 211 7102-1019
E-mail: 
Investors and analysts:
Torsten Fischer
phone: +49 211 7102-847
E-mail: 
Important advisory notice
The information contained in this press release is not for publication or distribution to persons in the United States, Canada, Australia or Japan. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any public offering of securities of Demag Cranes AG to be made in the United States would have to be made by means of a prospectus that would be obtainable from Demag Cranes and would contain detailed information about the issuer of the securities and its management, as well as financial statements.
Neither this press release nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities. The securities offered in connection with the initial public offering have already been placed.
This press release does not contain an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration.
