euro adhoc: Demag Cranes AG / Financing, Stock Offerings (IPO) / Initial Public Offering of Demag Cranes AG at EUR 22.00 per share

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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22.06.2006

• Offer volume of EUR 235.4 million (approx. EUR 270.7 million if the
Greenshoe-Option is exercised in full)
• Free float after the IPO of approx. 50.5% (approx. 58.1% if the
Greenshoe-Option is exercised in full)

Dusseldorf, June 22, 2006 - The shares offered in the context of the
Initial Public Offering of Demag Cranes AG have been fully placed at
an offer price of EUR 22.00 per share. The offer volume was EUR
235.4 million (approx. EUR 270.7 million if the Greenshoe-Option is
exercised in full). In total, 10.7 million shares were placed in the
offering (approx. 12.3 million shares if the Greenshoe-Option is
exercised in full). After the IPO, the free float will account for
approx. 50.5% (approx. 58.1% if the Greenshoe-Option is exercised in
full). Trading in the shares is expected to commence on June 23,
2006.

Important Notice The information contained in this ad hoc-disclosure
statement is not for publication or distribution to persons in the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 ad hoc-disclosure statement 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 ad hoc-disclosure statement 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.

No money, securities, or other consideration is being solicited, and,
if sent in response to the information contained herein, will not be
accepted.

end of announcement euro adhoc 22.06.2006 17:18:31
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ots Originaltext: Demag Cranes AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
For further information, please contact
Media enquiries:
Nikolai Juchem
Tel.: +49 (0)211-7102 1019
Email: nikolai.juchem@demagcranes-ag.com

Investors and analysts:
Torsten Fischer
Tel.: +49 (0)211-7102 847
Email: torsten.fischer@demagcranes-ag.com

Branche: Machine Manufacturing
ISIN: DE000DCAG010
WKN: DCAG01
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing