euro adhoc: Board of Directors (Appointments and Changes) / Management Changes / Demag Cranes AG Appoints Aloysius Rauen As New Chairman of the Management Board

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Management Change

23.02.2009

Ad-hoc News Pursuant to Section 15 German Securities Trading Act
(Wertpapierhandelsgesetz - WpHG)

Management Changes / Demag Cranes AG Appoints Aloysius Rauen As New
Chairman of the Management Board

Düsseldorf, February 23, 2009. By a resolution of today, the
Supervisory Board of Demag Cranes AG has appointed Mr. Aloysius
Rauen (52) as a member and as chairman of the Management Board
with effect as of May 1, 2009. Mr. Rauen, most recently chairman of
the managing directors of Eurofighter Jagdflugzeug GmbH, will
follow Mr. Harald Joos (56) as chairman of the Management Board,
whose appointment is terminated by mutual consent as of March 31,
2009.

Mr. Joos will leave his office with the Company by mutual consent
with the Supervisory Board because of differing views. Since Mr.
Joos will at any event not be available after the current term of
his office for personal reasons, the Supervisory Board and Mr. Joos
have jointly become convinced to implement the change now. Mr.
Joos will say his goodbye to the shareholders in the course of the
General Meeting on March 03, 2009. The Supervisory Board thanks
Mr. Joos for the excellent work he has effected for the Company.

Furthermore, the Supervisory Board has resolved to modify the
schedule of responsibilities of the Management Board. Futurely,
the chairman of the Management Board will, amongst others, also
be responsible for the Services segment; he will furthermore
assume the Human Ressources department and the office as labour
director. In addition to the Industrial Cranes segment, Mr.
Thomas Hagen (46) will futurely also be responsible for the Port
Technology segment.

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

Further inquiry note:

Susanne Tengler

Telefon: +49(0)211 7102-1211

E-Mail: Susanne.Tengler@demagcranes-ag.com

Branche: Machine Manufacturing
ISIN: DE000DCAG010
WKN: DCAG01
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade