(Munich, September 23, 2007) Wacker Construction Equipment AG, Neuson Kramer Baumaschinen AG and the main shareholders of Neuson Kramer Baumaschinen AG, Austria (accounting for a 89.63% holding), signed an agreement today to merge both companies. The remaining shareholders of Neuson Kramer Baumaschinen AG, holding the remaining 10.37% of stock, have also undertaken to transfer their shares to Wacker Construction Equipment AG upon receipt of confirmation, that relevant information requested from the fiscal authorities will be provided. Neuson Kramer Baumaschinen AG main shareholders will transfer their shares to Wacker Construction Equipment AG in exchange for 16,702,912 new shares from a capital increase by means of contributions in kind and 4,349,961 treasury shares in Wacker Construction Equipment AG. The Executive Board has concluded on a positive decision today in reference to the necessary capital increase. The Executive Board had previously already been authorized during the Annual General Meeting on April 13, 2007, to act accordingly. The Supervisory Board of Wacker Construction Equipment AG has also given full approval to this decision today. The merger is set to close in October 2007. The remaining shareholders will transfer their shares to Wacker Construction Equipment AG upon receipt of the above-mentioned fiscal confirmation in exchange for 2,437,088 new shares from further capital increase by means of contributions in kind. The shareholders of Neuson Kramer Baumaschinen AG will not receive a cash settlement on the part of Wacker Construction Equipment AG. Instead, a special dividend of EUR 18 million had been distributed from Neuson Kramer Baumaschinen AG funds in the run-up to the merger. Furthermore, Neuson Kramer Baumaschinen AG submitted figures for the first half of fiscal 2007/2008 (February 1 to July 31) to Wacker Construction Equipment AG today. The figures reveal that the company has continued to build on the positive results from the first quarter and that group-wide sales and profit (Expenditure Format) are up on the same period last year. Strong demand for Neuson Kramer Baumaschinen AG products pushed group-wide sales up 30.4 percent from EUR 139.0 million for the same period last year to reach EUR 181.2 million. Profit before interest, tax and depreciation (EBITDA) rose by 39.0 percent to EUR 36.8 million (previous year: EUR 26.5 million), profit before interest and tax (EBIT) rose by 40.2 percent to EUR 34.8 million (previous year: EUR 24.8 million) despite dedicated special expenditures for the planned merger. Profit for the period constituted EUR 23.6 million (previous year: EUR 17.6 million). Additional information about the Wacker Construction Equipment AG shares: ISIN: DE000WACK012 WKN: WACK01 Listing requested: Official Market / Prime Standard; Frankfurt Stock Exchange Registered office of the company: Germany Contact: Wacker Construction Equipment AG Imre Szerdahelyi Head of Corporate Communication Preußenstr. 41 80809 Munich Germany Tel. + 49 - 89 - 354 02 - 251 E-Mail: [email protected] Internet: www.wackergroup.com Disclaimer: This publication constitutes neither an offer to sell nor an invitation to buy securities. This document does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in The United States. The shares in Wacker Construction Equipment AG (the "Shares") may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. It is not intended to register any Shares in the United States or to conduct an offering of Shares in the United States. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). --- End of Message --- Wacker Construction Equipment AG Preußenstr. 41 München Deutschland WKN: WACK01; ISIN: DE000WACK012; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse;