Eastern European Markets
October, 20. 2005

Ramirent aquires Alimak Hek Polskas rental business

Ramirent S.A., the Polish wholly-owned subsidiary of Ramirent Plc, has entered into an agreement with Alimak Hek Polska Sp.z o.o. on the acquisition of the rental business of Alimak Hek Polska including contracts and rental assets. In 2005, the turnover of Alimak Hek Polska is estimated to be nearly one million euros.

Alimak Hek Polska is a subsidiary of Alimak Hek Group AB, the worlds leading supplier of mast climbing equipment and services for the construction and general industry.

Through the acquisition, Ramirent S.A. expands its product range and increases its share in renting of mast climbing equipment in Poland. The acquisition gives Ramirent immediate access to interesting and long-term projects in Poland.

Ramirent is the leading machinery rental company in the Nordic countries, and in the Central and Eastern Europe. The Group is headquartered in Helsinki and has over 250 permanent outlets in eleven countries. Ramirent employs over 2500 people and in 2004 group turnover was EUR 316 million. Ramirent is listed on the Helsinki Stock Exchange.

For further information:
Erkki Norvio, President and CEO
Tel. +358-400-410 977
Helsinki Stock Exchange
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