Press release

Juchem Head of Corporate Communications and Marketing
at Demag Cranes AG

Dusseldorf, 2 October 2006 – As of 1 November 2006, Nikolai Juchem (37) will be Head of Corporate Communications and Marketing at Demag Cranes AG and spokesman for the Group. He will report directly to Harald J. Joos, the Chairman of the Management Board. Mr Juchem is moving to Demag Cranes from communications consultancy firm Hering Schuppener Consulting, where he has been a director since the beginning of 2004. Before joining Hering Schuppener Consulting, he worked, inter alia, as Head of Financial Public Relations at TUI AG and as Head of Investor Relations at Stinnes AG, which is now part of the Deutsche Bahn Group. Nikolai Juchem advised on the IPO of Demag Cranes AG in spring 2006 and has since then acted as Group spokesman for business and financial matters.

About Demag Cranes AG

The Demag Cranes Group is one of the world's leading suppliers of industrial cranes, crane components, harbour cranes and port automation technology. Services, in particular maintenance and refurbishment services, are another core element of its business activities. The Group comprises the segments Industrial Cranes, Port Technology and Services. It has two strong brands in 'Demag' and 'Gottwald', and is a global market leader by virtue of its innovation and technology leadership, its excellent product and service quality, and its close, long-term customer relations. Demag Cranes manufactures in 16 countries on five continents. Its global distribution and service network, which is based on numerous subsidiaries and representatives and a joint venture, has a presence in more than 60 countries.

In the fiscal year 2004/2005, the Group generated total sales of 881.6 million euros and adjusted EBIT of 64.0 million euros (Combined Financial Statements in accordance with IFRS).

Contact for media enquiries:

Nikolai Juchem
phone: +49 (0)211-7102 1019
E-mail: