euro adhoc: Demag Cranes AG / Financing, Stock Offerings (IPO) / New Offer Terms for the Initial Public Offering of Demag Cranes AG

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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19.06.2006

• Shares offered at EUR 22.00 per share • Offer volume of 10.7
million shares and Greenshoe Option of approx. 1.6 million shares •
Offer period extended and expected to end on June 22, 2006

Dusseldorf, June 19, 2006 - Given the challenging market environment,
the Selling Shareholders, together with the Global Coordinators, have
decided to change the offer terms for the Initial Public Offering of
Demag Cranes AG. The revised terms are as follows:

The price at which orders can be submitted has been changed from a
range to a fixed price of EUR 22.00 per share. The offer size has
been reduced to 10.7 million shares (approx. 12.3 million shares
including the Greenshoe Option). In this context the offer period
has been extended and is expected to end on June 22, 2006 at 12:00 pm
(CET) for retail investors and 2:00 pm (CET) for institutional
investors.

As a consequence, the first trading day is expected to be June 23,
2006 with settlement expected on June 27, 2006.

The revised offer terms are subject to the approval by the
Bundesanstalt für Finanzdienstleistungsaufsicht of a supplement to
the prospectus dated June 6, 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statement is not for publication or distribution to persons in the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 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 19.06.2006 19:26:31
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ots Originaltext: Demag Cranes AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
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