Terex to Redeem $300 Million oF 10-7/8% Senior Notes Due 2016

As set forth in the indenture for the Notes, Terex will pay holders the principal amount, a premium to be calculated under the make-whole provisions of the indenture, plus accrued interest of $35.34 per $1,000 principal amount at the redemption date. The Notes were issued in May 2009.

HSBC Bank USA, National Association, trustee for the Notes, will act as the paying agent for the Company in connection with the redemption of the Notes.

“As we have indicated, we remain focused on improving earnings and generating cash flow to facilitate debt reduction,” says Ron DeFeo, Terex Chairman and CEO. “This redemption of our highest cost debt, combined with our recent buy-back of approximately 25% of our outstanding convertible notes, demonstrates progress in reducing our future interest expense and improves our overall capital structure. We will pursue other options to further enhance our capital structure and debt profile as we move forward.”