Press Release

Achim Kettlack Responsible for Global Purchasing of Demag Cranes AG

Düsseldorf, 24 August 2007. Since 1 August 2007, Achim Kettlack (40) has assumed responsibility for worldwide purchasing activities as Head of Group Purchasing in the Demag Cranes Group. In this position, he reports direct to Board Member Rainer Beaujean.

Achim Kettlack was previously Head of Strategic Purchasing at the Group subsidiary Demag Cranes & Components GmbH in Wetter/ Ruhr. Before this, the graduate in business administration was head of overall purchasing at Nordex AG in Norderstedt.

About Demag Cranes:
Demag Cranes AG is one of the world’s leading providers of industrial cranes, crane components, harbour cranes and port automation technology. Services, in particular maintenance and refurbishment services, are another key element of the Group’s business activities. The Group is divided up into the three segments Industrial Cranes, Port Technology and Services and has the strong and established “Demag” and “Gottwald” brands. Demag Cranes sees its core expertise in the development and design of technologically advanced cranes and hoists, as well as automated transport and logistics systems in ports, the provision of services for these products and the manufacture of high-quality components.

As a global supplier, 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 joint ventures. In financial year 2005/2006, 5,680 employees generated sales of some EUR 987 million. Since the end of June 2006, the Demag Cranes share (WKN: DCAG01) has been listed in the Prime Standard of the German Stock Exchange and is included in the SDAX share index.

Demag Cranes. We Can Handle It.

Cautionary Note regarding Forward-Looking Statements
This press release contains forward-looking statements on Demag Cranes AG, its subsidiaries and associates, and on the economical and political conditions that may influence the business performance of Demag Cranes AG. All these statements are based on assumptions made by the Management Board using information available to it at the time. Should these assumptions prove to be wholly or partly incorrect, or should further risks arise, actual business performance may differ from that expected. The Management Board therefore cannot accept any liability for the statements made.

Contact for media enquiries:
Nikolai Juchem
Head of Corporate Communications and Marketing
Phone: +49 (0)211-7102 1019
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