INTRODUCING TEREX....

Terex Corporation is a diversified global manufacturer of a broad range of equipment for the construction, infrastructure, quarrying, recycling, surface mining, shipping, transportation, refining, utility, and maintenance industries. Terex products are manufactured in 50 facilities in North America, Europe, Asia, and Australia and are marketed in more than 100 countries. The company is organized into four primary business units: Terex Construction, Terex Cranes, Terex Aerial Work Platforms and Terex Mining, Roadbuilding, Utility Products and Other.

Terex has expanded dramatically in recent years, primarily through a series of acquisitions and divestures designed to expand the product offering, improve geographic coverage and deliver value for Terex customers.

Terex is involved in a broad range of construction, infrastructure, recycling and mining-related capital equipment under such brand names as Advance, American, Amida, Atlas, Bartell, Bendini, Benford, Bid-Well, B.L. Canica, Cedarapids, Cifali, CMI, Coleman Engineering, Comedil, CPV, Demag, Fermec, Finlay, Franna, Fuchs, Genie, Grayhound, Hi-Ranger, Italmacchine, Jaques, Johnson-Ross, Koehring, Lectra Haul, Load King, Lorain, Marklift, Matbro, Morrison, Muller, O&K, Payhauler, Peiner, PPM, Re-Tech, RO, Royer, Schaeff, Simplicity, Square Shooter, Telelect, Terex, and Unit Rig. Terex offers a complete line of financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services.

1995: Terex acquires PPM Cranes in Waverly, Iowa.

1996: Terex divests Clark Material Handling.

1997: Terex acquires Simon-RO and Telelect. BPI Handlers in Baraga, Michigan is also acquired this year.

1998: Terex grows their mining business with the acquisitions of Payhauler and O&K Mining. The crane offering also grows dramatically with the acquisitions of American Crane, TerexLift, Peiner and Gru Comedil.

1999: Terex builds a Light Construction business through the acquisitions of Amida, Benford and Bartell; and becomes a leader in the crushing and screening industry with the acquisitions of Cedarapids, Re-Tech, Powerscreen, BL Pegson and Finlay. Crane manufacturers added to Terex this year included Franna, Princeton and Kooi.

2000: Terex moves into the Compact Equipment category with the acquisitions of Fermec, a manufacturer of tractor loader backhoes. Coleman Engineering is also acquired, adding to the Light Construction business. The company divests Moffett, Princeton and Kooi.

2001: Terex continues to build the Roadbuilding business with the acquisitions of Jaques, CMI, Bid-Well and Load King. The Atlas acquisition is also completed this year.

2002: Several acquisitions help to position Terex as a leader in their respective categories. Demag fills out the Terex Cranes product offering and makes Terex a leading crane company. Genie is a leading manufacturer of Aerial Work Platforms. The acquisitions of German manufacturers Schaeff and Fuchs make Terex a powerhouse in the Compact Equipment category. Advance Mixer puts Terex in the concrete mixer business. Finally, the acquisitions of Pacific Utility and EPAC provide company-owned distribution for Terex Utilities.