Terex Corporation Announces Acquisition of 50% of Sichuan Changjiang Engineering Crane Co., Ltd.

Terex Corporation (NYSE: TEX) announced today that ithas acquired a 50% interest in Sichuan Changjiang Engineering CraneCo., Ltd., based in Luzhou, Sichuan Province, China. Changjiang Craneis a leading producer of on-highway truck cranes in China, with aproduct range from 8 to 160 ton lifting capacity. The seniormanagement of Changjiang Crane will own the remaining 50% interest inthe company. Changjiang Crane will become part of the globaloperations of the Terex Cranes operating segment, and Terex expects toconsolidate the results of Changjiang Crane with those of the TerexCranes segment.

Currently, Chinese regulations generally limit foreign enterprisesfrom owning more than 50% of domestic companies that produceon-highway vehicles, including truck cranes. If and when regulationspermit, Terex has the right to acquire the remaining 50% of ChangjiangCrane.

Steve Filipov, President of Terex Cranes, commented "There issignificant opportunity to grow this business both inside and outsideof China, and over time we hope to utilize its supply chain to helpimprove our component costs globally. We plan to apply engineering andoperational resources to help Changjiang Crane accelerate its productand manufacturing development, building upon the significantaccomplishments of the existing management team."

The current CEO of Changjiang Crane, Mr. Wang Li, will remain inthat position. Mr. Li commented, "We look forward to the additionalgrowth and development of Changjiang Crane as the newest member of theTerex Cranes family."

Safe Harbor Statement

The press release contains forward-looking information based onTerex's current expectations. Because forward-looking statementsinvolve risks and uncertainties, actual results could differmaterially. Such risks and uncertainties, many of which are beyondTerex's control, include among others: the ability to successfullyintegrate acquired businesses; the retention of key managementpersonnel; the effects of changes in laws and regulations; Terex'sbusiness is international in nature and is subject to changes inexchange rates between currencies, as well as international politics;compliance with applicable environmental laws and regulations; andother factors, risks, uncertainties more specifically set forth inTerex's public filings with the SEC. Actual events or the actualfuture results of Terex may differ materially from any forward lookingstatement due to those and other risks, uncertainties and significantfactors. The forward-looking statements speak only as of the date ofthis release. Terex expressly disclaims any obligation or undertakingto release publicly any updates or revisions to any forward-lookingstatement included in this release to reflect any changes in Terex'sexpectations with regard thereto or any changes in events, conditions,or circumstances on which any such statement is based.

Terex Corporation is a diversified global manufacturer with 2005revenue of approximately $6.4 billion. Terex operates in five businesssegments: Terex Construction, Terex Cranes, Terex Aerial WorkPlatforms, Terex Materials Processing & Mining, and TerexRoadbuilding, Utility Products and Other. Terex manufactures a broadrange of equipment for use in various industries, including theconstruction, infrastructure, quarrying, recycling, surface mining,shipping, transportation, refining, utility and maintenanceindustries. Terex offers a complete line of financial products andservices to assist in the acquisition of Terex equipment through TerexFinancial Services. More information on Terex can be found atwww.terex.com.